Short Interest in iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Rises By 83.0%

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 47,712 shares, an increase of 83.0% from the May 14th total of 26,068 shares. Based on an average daily trading volume, of 66,362 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 2.1% in the first quarter. Parallel Advisors LLC now owns 30,885 shares of the company’s stock valued at $786,000 after purchasing an additional 644 shares in the last quarter. Godshalk Welsh Capital Management Inc. boosted its stake in shares of 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 worth $1,081,000 after buying an additional 6,200 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,226 shares of the company’s stock valued at $515,000 after acquiring an additional 497 shares in the last quarter. Evergreen Private Wealth LLC increased its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 6.9% in the first quarter. Evergreen Private Wealth LLC now owns 53,044 shares of the company’s stock valued at $1,349,000 after acquiring an additional 3,435 shares during the last quarter. Finally, O Domhnaill Enterprises Inc. acquired a new stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF in the first quarter valued at about $1,126,000.

iShares iBonds Dec 2027 Term Muni Bond ETF Price Performance

BATS:IBMP remained flat at $25.39 during trading hours on Monday. The company’s stock had a trading volume of 11,715 shares, compared to its average volume of 80,533. iShares iBonds Dec 2027 Term Muni Bond ETF has a 52-week low of $25.24 and a 52-week high of $25.57. The company’s fifty day simple moving average is $25.38 and its 200 day simple moving average is $25.42.

iShares iBonds Dec 2027 Term Muni Bond ETF Company Profile

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.