iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Short Interest Update

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 10,338 shares, a drop of 65.1% from the July 30th total of 29,587 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 43,147 shares, the days-to-cover ratio is presently 0.2 days.

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

IBMT opened at $25.56 on Friday. iShares iBonds Dec 2031 Term Muni Bond ETF has a one year low of $25.32 and a one year high of $26.44. The business’s 50-day simple moving average is $25.62 and its 200-day simple moving average is $25.78.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBMT. Godshalk Welsh Capital Management Inc. purchased a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF during the fourth quarter worth approximately $260,000. Spinnaker Trust acquired a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter worth $352,000. Parallel Advisors LLC acquired a new position in iShares iBonds Dec 2031 Term Muni Bond ETF in the fourth quarter valued at $405,000. Atlantic Union Bankshares Corp increased its stake in 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 valued at $811,000 after purchasing an additional 10,782 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the fourth quarter valued at about $1,002,000.

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.