iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Short Interest Down 62.4% in May

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 2,841 shares, a drop of 62.4% from the May 14th total of 7,548 shares. Based on an average trading volume of 25,576 shares, the short-interest ratio is presently 0.1 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Trading of iShares iBonds Dec 2031 Term Muni Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBMT. Adirondack Trust Co. acquired a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter valued at approximately $35,000. IFP Advisors Inc grew its holdings in iShares iBonds Dec 2031 Term Muni Bond ETF by 603.1% in the 3rd quarter. IFP Advisors Inc now owns 6,926 shares of the company’s stock valued at $179,000 after buying an additional 5,941 shares during the last quarter. Godshalk Welsh Capital Management Inc. acquired a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter valued at approximately $260,000. Spinnaker Trust acquired a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter valued at approximately $352,000. Finally, Newman Dignan & Sheerar Inc. acquired a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter valued at approximately $393,000.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Down 0.2%

Shares of IBMT stock traded down $0.05 during trading on Friday, reaching $25.69. The company had a trading volume of 22,926 shares, compared to its average volume of 27,519. The firm’s 50 day simple moving average is $25.72 and its two-hundred day simple moving average is $25.93. iShares iBonds Dec 2031 Term Muni Bond ETF has a one year low of $25.21 and a one year high of $26.44.

About iShares iBonds Dec 2031 Term Muni Bond ETF

iShares Trust – iShares iBonds Dec 2031 Term Muni Bond ETF is an exchange traded fund launched by BlackRock, Inc The fund is managed by BlackRock Fund Advisors. It invests in the fixed income markets of the United States. The fund invests in municipal bonds issued by the state or local governments or agencies that are exempt from U.S. federal income taxes and the federal alternative minimum tax. It invests in investment-grade bonds rated at least BBB- by S&P or Fitch or Baa3 by Moody’s that will mature after December 31, 2030 and before December 2, 2031.