iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Sees Significant Growth in Short Interest

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQGet Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 32,761 shares, an increase of 174.7% from the April 15th total of 11,928 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 72,200 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 485.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,511 shares of the company’s stock worth $39,000 after buying an additional 1,253 shares during the period. Princeton Global Asset Management LLC bought a new stake in iShares iBonds Dec 2028 Term Muni Bond ETF in the 4th quarter worth $120,000. CNB Bank bought a new stake in iShares iBonds Dec 2028 Term Muni Bond ETF in the 3rd quarter worth $196,000. HORAN Wealth LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the fourth quarter valued at about $217,000. Finally, Cary Street Partners Financial LLC raised its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 14.2% during the third quarter. Cary Street Partners Financial LLC now owns 9,086 shares of the company’s stock valued at $233,000 after acquiring an additional 1,130 shares during the last quarter.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Performance

Shares of IBMQ stock opened at $25.49 on Friday. iShares iBonds Dec 2028 Term Muni Bond ETF has a 1-year low of $25.14 and a 1-year high of $25.83. The business has a 50-day moving average of $25.54 and a 200 day moving average of $25.58.

About iShares iBonds Dec 2028 Term Muni Bond ETF

(Get Free Report)

The iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks the investment results of an investment-grade U.S. municipal bonds index expected to mature or be redeemed before mid-December 2028. IBMQ was launched on Apr 16, 2019 and is managed by BlackRock.

Further Reading

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