Short Interest in iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Decreases By 62.4%

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,841 shares, a decrease of 62.4% from the May 14th total of 7,548 shares. Based on an average daily volume of 25,576 shares, the short-interest ratio is presently 0.1 days. Currently, 0.9% of the shares of the stock are sold short.

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

Several large investors have recently modified their holdings of the stock. Godshalk Welsh Capital Management Inc. grew its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 70.0% in the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 17,000 shares of the company’s stock valued at $436,000 after purchasing an additional 7,000 shares during the period. Spinnaker Trust grew its position 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 acquiring an additional 13,405 shares during the last quarter. NewEdge Advisors LLC bought a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter worth approximately $1,002,000. Parallel Advisors LLC bought a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter worth approximately $405,000. Finally, Atlantic Union Bankshares Corp grew its position in iShares iBonds Dec 2031 Term Muni Bond ETF by 52.7% during the 4th 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 last quarter.

iShares iBonds Dec 2031 Term Muni Bond ETF Trading Down 0.1%

Shares of IBMT stock traded down $0.03 during trading hours on Friday, hitting $25.71. The company had a trading volume of 2,252 shares, compared to its average volume of 27,332. iShares iBonds Dec 2031 Term Muni Bond ETF has a 12 month low of $25.21 and a 12 month high of $26.44. The firm’s fifty day moving average is $25.72 and its 200 day moving average is $25.93.

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.