iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Short Interest Up 70.8% in May

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 42,991 shares, an increase of 70.8% from the May 14th total of 25,166 shares. Based on an average trading volume of 77,971 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Performance

Shares of IBMQ opened at $25.54 on Wednesday. The firm has a 50-day moving average price of $25.51 and a 200 day moving average price of $25.58. iShares iBonds Dec 2028 Term Muni Bond ETF has a 52-week low of $25.31 and a 52-week high of $25.83.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Muni Bond ETF

Several large investors have recently made changes to their positions in IBMQ. JPMorgan Chase & Co. bought a new position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF during the 2nd quarter valued at about $2,082,000. Flow Traders U.S. LLC bought a new position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF during the 2nd quarter valued at about $246,000. NewEdge Advisors LLC boosted its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 2.3% during the 2nd quarter. NewEdge Advisors LLC now owns 434,996 shares of the company’s stock valued at $11,053,000 after purchasing an additional 9,644 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 3.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 113,132 shares of the company’s stock valued at $2,875,000 after purchasing an additional 3,841 shares in the last quarter. Finally, Cary Street Partners Financial LLC boosted its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 14.2% during the 3rd quarter. Cary Street Partners Financial LLC now owns 9,086 shares of the company’s stock valued at $233,000 after purchasing an additional 1,130 shares in the last quarter.

About iShares iBonds Dec 2028 Term Muni Bond ETF

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.