iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) Short Interest Update

iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 35,658 shares, a drop of 46.0% from the June 15th total of 66,078 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 42,110 shares, the days-to-cover ratio is currently 0.8 days.

iShares Core 5-10 Year USD Bond ETF Stock Performance

NYSEARCA IMTB opened at $43.23 on Wednesday. iShares Core 5-10 Year USD Bond ETF has a fifty-two week low of $42.95 and a fifty-two week high of $44.83. The business has a 50 day moving average price of $43.49 and a two-hundred day moving average price of $43.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IMTB. Kestra Advisory Services LLC purchased a new stake in iShares Core 5-10 Year USD Bond ETF during the 4th quarter worth $53,000. Godfrey Financial Associates Inc. acquired a new stake in shares of iShares Core 5-10 Year USD Bond ETF during the fourth quarter valued at about $58,000. Chapman Financial Group LLC acquired a new stake in shares of iShares Core 5-10 Year USD Bond ETF during the second quarter valued at about $98,000. Comprehensive Money Management Services LLC purchased a new stake in shares of iShares Core 5-10 Year USD Bond ETF during the first quarter worth about $210,000. Finally, Reliant Investment Partners LLC increased its position in shares of iShares Core 5-10 Year USD Bond ETF by 11.3% during the fourth quarter. Reliant Investment Partners LLC now owns 9,986 shares of the company’s stock worth $441,000 after acquiring an additional 1,011 shares during the last quarter.

About iShares Core 5-10 Year USD Bond ETF

The iShares Core 5-10 Year USD Bond ETF (IMTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted, USD-denominated broad bond index with maturities between five and ten years. Eligible sectors include US Treasurys, global government-related bonds, global investment-grade and high yield corporate bonds, and emerging market bonds. IMTB was launched on Nov 1, 2016 and is managed by BlackRock.