Short Interest in iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) Drops By 81.2%

iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 3,279 shares, a decline of 81.2% from the July 15th total of 17,429 shares. Based on an average trading volume of 44,033 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares Core 5-10 Year USD Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG grew its position in iShares Core 5-10 Year USD Bond ETF by 79.6% in the fourth quarter. UBS Group AG now owns 160,061 shares of the company’s stock valued at $7,075,000 after acquiring an additional 70,930 shares during the period. Destination Wealth Management grew its holdings in shares of iShares Core 5-10 Year USD Bond ETF by 6.0% in the 4th quarter. Destination Wealth Management now owns 499,978 shares of the company’s stock worth $22,099,000 after purchasing an additional 28,158 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of iShares Core 5-10 Year USD Bond ETF by 34.2% in the 4th quarter. Global Retirement Partners LLC now owns 192,951 shares of the company’s stock worth $8,528,000 after purchasing an additional 49,165 shares during the last quarter. Octavia Wealth Advisors LLC increased its position in shares of iShares Core 5-10 Year USD Bond ETF by 8.2% during the 4th quarter. Octavia Wealth Advisors LLC now owns 669,077 shares of the company’s stock worth $29,573,000 after purchasing an additional 50,635 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of iShares Core 5-10 Year USD Bond ETF by 37.9% during the 1st quarter. Royal Bank of Canada now owns 43,639 shares of the company’s stock worth $1,912,000 after purchasing an additional 12,002 shares in the last quarter.

iShares Core 5-10 Year USD Bond ETF Price Performance

NYSEARCA IMTB opened at $42.98 on Wednesday. iShares Core 5-10 Year USD Bond ETF has a twelve month low of $41.92 and a twelve month high of $44.83. The company’s 50-day simple moving average is $43.31 and its 200 day simple moving average is $43.74.

iShares Core 5-10 Year USD Bond ETF Company Profile

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.