iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) Shares Shorted: Short Interest Up 1,031.5% in September

iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 63,739 shares, an increase of 1,031.5% from the September 15th total of 5,633 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 79,071 shares, the short-interest ratio is currently 0.8 days.

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

IMTB traded up $0.01 during midday trading on Friday, hitting $41.42. The company’s stock had a trading volume of 86,724 shares, compared to its average volume of 39,234. The firm has a 50-day moving average price of $42.40 and a two-hundred day moving average price of $43.14. iShares Core 5-10 Year USD Bond ETF has a 52-week low of $41.01 and a 52-week high of $44.83.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc purchased a new position in iShares Core 5-10 Year USD Bond ETF during the second quarter worth approximately $2,224,000. Destination Wealth Management grew its stake in shares of iShares Core 5-10 Year USD Bond ETF by 6.0% during 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 period. Royal Bank of Canada grew its stake 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 valued at $1,912,000 after buying an additional 12,002 shares during the period. Citadel Advisors LLC increased its holdings in shares of iShares Core 5-10 Year USD Bond ETF by 123.5% during the 2nd quarter. Citadel Advisors LLC now owns 222,147 shares of the company’s stock worth $9,688,000 after buying an additional 122,757 shares during the last quarter. Finally, GK Wealth Management LLC acquired a new stake in shares of iShares Core 5-10 Year USD Bond ETF during the 3rd quarter worth $264,000.

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.