Short Interest in iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Decreases By 62.4%

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 2,841 shares, a decrease of 62.4% from the May 14th total of 7,548 shares. Based on an average daily trading volume, of 25,576 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.9% of the company’s shares are short sold.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Down 0.1%

BATS:IBMT traded down $0.03 during trading hours on Friday, hitting $25.71. 2,252 shares of the stock were exchanged, compared to its average volume of 27,332. The company’s 50 day moving average is $25.72 and its two-hundred day moving average is $25.93. iShares iBonds Dec 2031 Term Muni Bond ETF has a twelve month low of $25.21 and a twelve month high of $26.44.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Praetorian Wealth Management Inc. acquired a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter worth $1,236,000. IFP Advisors Inc lifted its holdings in iShares iBonds Dec 2031 Term Muni Bond ETF by 603.1% during the 3rd quarter. IFP Advisors Inc now owns 6,926 shares of the company’s stock worth $179,000 after buying an additional 5,941 shares in the last quarter. Adirondack Trust Co. acquired a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter worth $35,000. NewEdge Advisors LLC acquired a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter valued at $1,002,000. Finally, Godshalk Welsh Capital Management Inc. acquired a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter valued at $260,000.

iShares iBonds Dec 2031 Term Muni Bond ETF Company Profile

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.