iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Sees Large Decline in Short Interest

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 34,298 shares, a decline of 45.4% from the June 30th total of 62,866 shares. Based on an average daily volume of 69,987 shares, the days-to-cover ratio is currently 0.5 days. Currently, 11.4% of the shares of the stock are sold short.

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

Several hedge funds and other institutional investors have recently made changes to their positions in IBMT. NewEdge Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter worth $1,002,000. Parallel Advisors LLC acquired a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at about $405,000. Newman Dignan & Sheerar Inc. purchased a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the fourth quarter valued at about $393,000. Spinnaker Trust purchased a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the fourth quarter valued at about $352,000. Finally, Praetorian Wealth Management Inc. grew its holdings in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 8.9% in the second quarter. Praetorian Wealth Management Inc. now owns 141,610 shares of the company’s stock valued at $3,654,000 after purchasing an additional 11,574 shares during the period.

iShares iBonds Dec 2031 Term Muni Bond ETF Trading Up 0.2%

Shares of BATS IBMT opened at $25.49 on Wednesday. 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 firm has a 50-day simple moving average of $25.69 and a 200-day simple moving average of $25.87.

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.