iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Short Interest Up 718.3% in June

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 23,247 shares, an increase of 718.3% from the May 31st total of 2,841 shares. Currently, 7.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,719 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of iShares iBonds Dec 2031 Term Muni Bond ETF

Hedge funds have recently bought and sold shares of the stock. Praetorian Wealth Management Inc. bought a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at about $1,236,000. NewEdge Advisors LLC bought a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the fourth quarter worth about $1,002,000. Parallel Advisors LLC bought a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the fourth quarter worth about $405,000. Newman Dignan & Sheerar Inc. purchased a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the fourth quarter worth about $393,000. Finally, Spinnaker Trust purchased a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the fourth quarter worth about $352,000.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Performance

Shares of BATS:IBMT opened at $25.77 on Friday. The firm has a fifty day moving average price of $25.73 and a 200 day moving average price of $25.92. iShares iBonds Dec 2031 Term Muni Bond ETF has a fifty-two week low of $25.30 and a fifty-two week 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.