iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Short Interest Update

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 30th, there was short interest totaling 62,866 shares, an increase of 170.4% from the June 15th total of 23,247 shares. Currently, 21.0% of the company’s stock are sold short. Based on an average daily trading volume, of 78,501 shares, the days-to-cover ratio is currently 0.8 days.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Performance

IBMT stock opened at $25.69 on Tuesday. iShares iBonds Dec 2031 Term Muni Bond ETF has a 1-year low of $25.30 and a 1-year high of $26.44. The firm has a fifty day moving average price of $25.71 and a two-hundred day moving average price of $25.90.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Muni Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Adirondack Trust Co. bought a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF during the fourth quarter worth approximately $35,000. IFP Advisors Inc boosted its stake in iShares iBonds Dec 2031 Term Muni Bond ETF by 603.1% during the 3rd quarter. IFP Advisors Inc now owns 6,926 shares of the company’s stock valued at $179,000 after purchasing an additional 5,941 shares in the last quarter. Godshalk Welsh Capital Management Inc. acquired a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at $260,000. Spinnaker Trust acquired a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at $352,000. Finally, Newman Dignan & Sheerar Inc. bought a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter worth $393,000.

iShares iBonds Dec 2031 Term Muni Bond ETF Company Profile

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.