iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Short Interest Up 718.3% in June

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 23,247 shares, a growth of 718.3% from the May 31st total of 2,841 shares. Currently, 7.7% of the company’s stock are short sold. Based on an average daily trading volume, of 31,719 shares, the short-interest ratio is currently 0.7 days.

iShares iBonds Dec 2031 Term Muni Bond ETF Price Performance

BATS:IBMT opened at $25.77 on Friday. iShares iBonds Dec 2031 Term Muni Bond ETF has a 1 year low of $25.30 and a 1 year high of $26.44. The stock has a 50-day simple moving average of $25.73 and a 200-day simple moving average of $25.92.

Hedge Funds 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. Adirondack Trust Co. acquired a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF during the fourth quarter worth approximately $35,000. IFP Advisors Inc boosted its holdings in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 603.1% in the 3rd quarter. IFP Advisors Inc now owns 6,926 shares of the company’s stock valued at $179,000 after buying an additional 5,941 shares in the last quarter. Godshalk Welsh Capital Management Inc. grew its position 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 buying an additional 7,000 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 52.7% in the 4th quarter. Atlantic Union Bankshares Corp now owns 31,241 shares of the company’s stock valued at $811,000 after buying an additional 10,782 shares during the last quarter. Finally, Spinnaker Trust grew its position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 98.9% in the 1st quarter. Spinnaker Trust now owns 26,963 shares of the company’s stock valued at $692,000 after buying an additional 13,405 shares during the last quarter.

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.