Short Interest in iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) Grows By 146.5%

iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 66,078 shares, an increase of 146.5% from the May 31st total of 26,805 shares. Based on an average daily trading volume, of 23,888 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.0% of the company’s stock are sold short.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMTB. Bank of America Corp DE increased its holdings in iShares Core 5-10 Year USD Bond ETF by 1.9% during the 1st quarter. Bank of America Corp DE now owns 225,696 shares of the company’s stock worth $9,890,000 after purchasing an additional 4,272 shares in the last quarter. Royal Bank of Canada boosted its position in shares of iShares Core 5-10 Year USD Bond ETF by 37.9% during the first quarter. Royal Bank of Canada now owns 43,639 shares of the company’s stock worth $1,912,000 after buying an additional 12,002 shares during the period. Rice Partnership LLC grew its holdings in shares of iShares Core 5-10 Year USD Bond ETF by 4.7% during the first quarter. Rice Partnership LLC now owns 11,458 shares of the company’s stock worth $502,000 after buying an additional 512 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new stake in iShares Core 5-10 Year USD Bond ETF in the 1st quarter valued at approximately $210,000. Finally, Destination Wealth Management raised its position in 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 valued at $22,099,000 after buying an additional 28,158 shares during the last quarter.

iShares Core 5-10 Year USD Bond ETF Stock Up 0.0%

Shares of iShares Core 5-10 Year USD Bond ETF stock traded up $0.01 on Monday, hitting $43.84. The company had a trading volume of 7,422 shares, compared to its average volume of 27,426. The stock has a 50-day moving average of $43.62 and a 200-day moving average of $43.97. iShares Core 5-10 Year USD Bond ETF has a twelve month low of $42.95 and a twelve month high of $44.83.

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.