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:IBMQ) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 42,991 shares, a growth of 70.8% from the May 14th total of 25,166 shares. Based on an average trading volume of 77,971 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

iShares iBonds Dec 2028 Term Muni Bond ETF Trading Up 0.0%

Shares of iShares iBonds Dec 2028 Term Muni Bond ETF stock traded up $0.01 during midday trading on Monday, hitting $25.54. The company had a trading volume of 14,858 shares, compared to its average volume of 93,877. iShares iBonds Dec 2028 Term Muni Bond ETF has a 1-year low of $25.27 and a 1-year high of $25.83. The business’s 50 day simple moving average is $25.51 and its two-hundred day simple moving average is $25.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Praetorian Wealth Management Inc. lifted its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 10.5% in the 4th quarter. Praetorian Wealth Management Inc. now owns 267,346 shares of the company’s stock worth $6,837,000 after acquiring an additional 25,407 shares during the period. PSI Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF during the 4th quarter worth approximately $2,790,000. Atlantic Union Bankshares Corp increased its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 14.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 71,632 shares of the company’s stock valued at $1,832,000 after purchasing an additional 9,046 shares during the period. HORAN Wealth LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF during the fourth quarter valued at approximately $217,000. Finally, Evergreen Private Wealth LLC raised its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 9.1% in the fourth quarter. Evergreen Private Wealth LLC now owns 49,183 shares of the company’s stock valued at $1,258,000 after purchasing an additional 4,088 shares in the last quarter.

iShares iBonds Dec 2028 Term Muni Bond ETF Company Profile

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.