iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Short Interest Update

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 15,267 shares, a drop of 76.2% from the June 15th total of 64,183 shares. Based on an average daily volume of 101,375 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Muni Bond ETF

Several institutional investors have recently bought and sold shares of the company. Princeton Global Asset Management LLC raised its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 113.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 8,450 shares of the company’s stock worth $215,000 after buying an additional 4,500 shares during the last quarter. Eldridge Investment Advisors Inc. purchased a new stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF in the fourth quarter valued at about $328,000. PNC Financial Services Group Inc. boosted its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 100.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 19,729 shares of the company’s stock valued at $501,000 after acquiring an additional 9,880 shares in the last quarter. 10Elms LLP increased its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 3.2% during the fourth quarter. 10Elms LLP now owns 22,694 shares of the company’s stock worth $576,000 after acquiring an additional 700 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 12.7% during the fourth quarter. Captrust Financial Advisors now owns 24,522 shares of the company’s stock worth $623,000 after acquiring an additional 2,758 shares during the period.

iShares iBonds Dec 2027 Term Muni Bond ETF Price Performance

BATS:IBMP opened at $25.38 on Tuesday. iShares iBonds Dec 2027 Term Muni Bond ETF has a 12-month low of $25.29 and a 12-month high of $25.57. The stock’s 50 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.