iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Sees Significant Decline in Short Interest

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 3,426 shares, a decrease of 77.4% from the October 15th total of 15,143 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 149,021 shares, the days-to-cover ratio is presently 0.0 days.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Performance

Shares of IBMP opened at $25.31 on Thursday. The company’s 50 day simple moving average is $25.27 and its 200-day simple moving average is $25.37. iShares iBonds Dec 2027 Term Muni Bond ETF has a 12-month low of $25.18 and a 12-month high of $25.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC boosted its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 19.1% during the third quarter. Parallel Advisors LLC now owns 37,713 shares of the company’s stock worth $952,000 after buying an additional 6,039 shares during the period. Hughes Financial Services LLC increased its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 33.1% in the 3rd quarter. Hughes Financial Services LLC now owns 11,008 shares of the company’s stock valued at $279,000 after acquiring an additional 2,738 shares during the period. Heartwood Wealth Advisors LLC raised its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 0.8% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 703,566 shares of the company’s stock valued at $17,758,000 after acquiring an additional 5,622 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in iShares iBonds Dec 2027 Term Muni Bond ETF during the 2nd quarter valued at approximately $350,000. Finally, Godshalk Welsh Capital Management Inc. raised its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 17.1% during the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 42,500 shares of the company’s stock valued at $1,081,000 after acquiring an additional 6,200 shares during the last quarter.

About iShares iBonds Dec 2027 Term Muni Bond ETF

The iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) 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 2027. IBMP was launched on Apr 9, 2019 and is managed by BlackRock.