Investors Purchase Large Volume of Call Options on iShares National Muni Bond ETF (NYSEARCA:MUB)

iShares National Muni Bond ETF (NYSEARCA:MUB) was the target of some unusual options trading activity on Wednesday. Stock traders bought 4,236 call options on the stock. This is an increase of 76% compared to the average daily volume of 2,410 call options.

iShares National Muni Bond ETF Trading Up 0.2%

NYSEARCA MUB opened at $106.96 on Thursday. iShares National Muni Bond ETF has a 52 week low of $100.29 and a 52 week high of $107.72. The company has a 50 day moving average price of $107.16 and a 200 day moving average price of $105.61.

Institutional Trading of iShares National Muni Bond ETF

Several large investors have recently made changes to their positions in MUB. Hollencrest Capital Management purchased a new position in shares of iShares National Muni Bond ETF during the 2nd quarter valued at about $26,000. Turning Point Benefit Group Inc. acquired a new stake in shares of iShares National Muni Bond ETF during the 3rd quarter worth approximately $26,000. Total Investment Management Inc. purchased a new position in shares of iShares National Muni Bond ETF during the 2nd quarter valued at approximately $33,000. Imprint Wealth LLC purchased a new position in shares of iShares National Muni Bond ETF during the 3rd quarter valued at approximately $35,000. Finally, HFM Investment Advisors LLC acquired a new position in shares of iShares National Muni Bond ETF in the 1st quarter valued at $37,000. 90.19% of the stock is owned by hedge funds and other institutional investors.

About iShares National Muni Bond ETF

iShares National AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P National AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P National AMT-Free Municipal Bond Index (the Index). The Index measures the performance of the investment-grade segment of the United States municipal bond market. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.