Short Interest in iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Decreases By 45.4%

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 34,298 shares, a drop of 45.4% from the June 30th total of 62,866 shares. Based on an average trading volume of 69,987 shares, the days-to-cover ratio is presently 0.5 days. Currently, 11.4% of the company’s shares are sold short.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Performance

Shares of IBMT opened at $25.49 on Thursday. The stock has a fifty day moving average of $25.68 and a two-hundred day moving average of $25.87. iShares iBonds Dec 2031 Term Muni Bond ETF has a fifty-two week low of $25.32 and a fifty-two week high of $26.44.

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

Several institutional investors have recently added to or reduced their stakes in the business. Newman Dignan & Sheerar Inc. acquired a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter worth about $393,000. Atlantic Union Bankshares Corp grew its holdings in iShares iBonds Dec 2031 Term Muni Bond ETF by 52.7% in the 4th quarter. Atlantic Union Bankshares Corp now owns 31,241 shares of the company’s stock valued at $811,000 after buying an additional 10,782 shares during the period. Spinnaker Trust acquired a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at about $352,000. Parallel Advisors LLC purchased a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter worth about $405,000. Finally, Godshalk Welsh Capital Management Inc. purchased a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter worth about $260,000.

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.