Short Interest in iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Decreases By 65.1%

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 10,338 shares, a decline of 65.1% from the July 30th total of 29,587 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average trading volume of 43,147 shares, the short-interest ratio is currently 0.2 days.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Down 0.0%

IBMT opened at $25.56 on Friday. iShares iBonds Dec 2031 Term Muni Bond ETF has a 52 week low of $25.32 and a 52 week high of $26.44. The business has a 50 day moving average price of $25.62 and a two-hundred day moving average price of $25.78.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Muni Bond ETF

Large investors have recently modified their holdings of the stock. Godshalk Welsh Capital Management Inc. purchased a new position in iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter valued at $260,000. Spinnaker Trust acquired a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter worth $352,000. Parallel Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the fourth quarter valued at about $405,000. Atlantic Union Bankshares Corp increased its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 52.7% during the fourth quarter. Atlantic Union Bankshares Corp now owns 31,241 shares of the company’s stock worth $811,000 after acquiring an additional 10,782 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the fourth quarter worth about $1,002,000.

About iShares iBonds Dec 2031 Term Muni Bond ETF

iShares Trust – iShares iBonds Dec 2031 Term Muni Bond ETF is an exchange traded fund launched by BlackRock, Inc The fund is managed by BlackRock Fund Advisors. It invests in the fixed income markets of the United States. The fund invests in municipal bonds issued by the state or local governments or agencies that are exempt from U.S. federal income taxes and the federal alternative minimum tax. It invests in investment-grade bonds rated at least BBB- by S&P or Fitch or Baa3 by Moody’s that will mature after December 31, 2030 and before December 2, 2031.