iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Sees Large Increase in Short Interest

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 62,866 shares, a growth of 170.4% from the June 15th total of 23,247 shares. Approximately 21.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 78,501 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of iShares iBonds Dec 2031 Term Muni Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Praetorian Wealth Management Inc. purchased a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter worth about $1,236,000. IFP Advisors Inc grew its stake in shares of 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 in the last quarter. Adirondack Trust Co. bought a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter valued at approximately $35,000. Godshalk Welsh Capital Management Inc. increased its holdings in iShares iBonds Dec 2031 Term Muni Bond ETF by 70.0% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 17,000 shares of the company’s stock worth $436,000 after buying an additional 7,000 shares during the last quarter. Finally, Spinnaker Trust raised its position in iShares iBonds Dec 2031 Term Muni Bond ETF by 98.9% during the first quarter. Spinnaker Trust now owns 26,963 shares of the company’s stock valued at $692,000 after acquiring an additional 13,405 shares in the last quarter.

iShares iBonds Dec 2031 Term Muni Bond ETF Price Performance

Shares of IBMT opened at $25.69 on Tuesday. The business’s 50-day moving average price is $25.71 and its 200 day moving average price is $25.90. iShares iBonds Dec 2031 Term Muni Bond ETF has a 1-year low of $25.30 and a 1-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.