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

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 62,769 shares, an increase of 267.1% from the September 30th total of 17,100 shares. Approximately 20.9% of the company’s shares are sold short. Based on an average daily trading volume, of 125,918 shares, the days-to-cover ratio is currently 0.5 days.

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

Shares of BATS:IBMT opened at $25.38 on Thursday. The firm’s fifty day moving average is $25.12 and its 200-day moving average is $25.66. iShares iBonds Dec 2031 Term Muni Bond ETF has a 52 week low of $24.48 and a 52 week high of $26.44.

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

Several large investors have recently modified their holdings of IBMT. Newman Dignan & Sheerar Inc. bought a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF during the 3rd quarter valued at about $469,000. Praetorian Wealth Management Inc. grew its holdings in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 12.1% during the third quarter. Praetorian Wealth Management Inc. now owns 158,793 shares of the company’s stock valued at $3,916,000 after buying an additional 17,183 shares during the last quarter. Spinnaker Trust increased its holdings in iShares iBonds Dec 2031 Term Muni Bond ETF by 98.9% during the 1st quarter. Spinnaker Trust now owns 26,963 shares of the company’s stock worth $692,000 after purchasing an additional 13,405 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF during the third quarter worth $266,000. Finally, Sterling Investment Advisors Ltd. bought a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the 2nd quarter worth $278,000.

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.