iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Short Interest Up 243.0% in April

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 8,612 shares, a growth of 243.0% from the April 15th total of 2,511 shares. Based on an average daily volume of 13,940 shares, the days-to-cover ratio is presently 0.6 days. Approximately 2.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Praetorian Wealth Management Inc. acquired a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at approximately $1,236,000. NewEdge Advisors LLC acquired a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at approximately $1,002,000. Atlantic Union Bankshares Corp increased its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 52.7% in the fourth quarter. Atlantic Union Bankshares Corp now owns 31,241 shares of the company’s stock worth $811,000 after acquiring an additional 10,782 shares during the period. Leavell Investment Management Inc. increased its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 65.3% in the third quarter. Leavell Investment Management Inc. now owns 29,575 shares of the company’s stock worth $766,000 after acquiring an additional 11,685 shares during the period. Finally, Spinnaker Trust increased its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 98.9% in the first quarter. Spinnaker Trust now owns 26,963 shares of the company’s stock worth $692,000 after acquiring an additional 13,405 shares during the period.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Performance

Shares of iShares iBonds Dec 2031 Term Muni Bond ETF stock opened at $25.67 on Thursday. iShares iBonds Dec 2031 Term Muni Bond ETF has a 12-month low of $24.96 and a 12-month high of $26.44. The firm’s 50 day simple moving average is $25.80 and its two-hundred day simple moving average is $25.97.

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.