iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) Sees Large Decline in Short Interest

iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 16,637 shares, a decline of 42.6% from the December 31st total of 28,989 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 22,584 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 22,584 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Core 5-10 Year USD Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC raised its position in iShares Core 5-10 Year USD Bond ETF by 10.5% during the 3rd quarter. Global Retirement Partners LLC now owns 143,786 shares of the company’s stock worth $6,356,000 after purchasing an additional 13,653 shares during the last quarter. 5T Wealth LLC lifted its stake in iShares Core 5-10 Year USD Bond ETF by 106.5% in the second quarter. 5T Wealth LLC now owns 14,743 shares of the company’s stock valued at $643,000 after buying an additional 7,602 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in iShares Core 5-10 Year USD Bond ETF by 31.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 19,948 shares of the company’s stock worth $870,000 after purchasing an additional 4,798 shares during the period. Octavia Wealth Advisors LLC increased its position in iShares Core 5-10 Year USD Bond ETF by 6.4% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 618,442 shares of the company’s stock valued at $27,339,000 after buying an additional 37,381 shares in the last quarter. Finally, Rice Partnership LLC grew its position in iShares Core 5-10 Year USD Bond ETF by 3.8% in the 2nd quarter. Rice Partnership LLC now owns 8,938 shares of the company’s stock valued at $390,000 after purchasing an additional 324 shares during the period.

iShares Core 5-10 Year USD Bond ETF Stock Performance

Shares of IMTB traded up $0.01 during midday trading on Friday, reaching $44.31. The stock had a trading volume of 10,897 shares, compared to its average volume of 20,782. iShares Core 5-10 Year USD Bond ETF has a one year low of $42.11 and a one year high of $44.69. The firm has a 50 day simple moving average of $44.25 and a 200-day simple moving average of $44.06.

iShares Core 5-10 Year USD Bond ETF Company Profile

The iShares Core 5-10 Year USD Bond ETF (IMTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted, USD-denominated broad bond index with maturities between five and ten years. Eligible sectors include US Treasurys, global government-related bonds, global investment-grade and high yield corporate bonds, and emerging market bonds. IMTB was launched on Nov 1, 2016 and is managed by BlackRock.