Short Interest in iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) Drops By 81.2%

iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,279 shares, a decrease of 81.2% from the July 15th total of 17,429 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 44,033 shares, the short-interest ratio is currently 0.1 days.

iShares Core 5-10 Year USD Bond ETF Trading Up 0.2%

NYSEARCA IMTB opened at $42.98 on Wednesday. iShares Core 5-10 Year USD Bond ETF has a twelve month low of $41.92 and a twelve month high of $44.83. The firm has a 50-day simple moving average of $43.31 and a 200 day simple moving average of $43.74.

Institutional Trading of iShares Core 5-10 Year USD Bond ETF

A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of iShares Core 5-10 Year USD Bond ETF by 119.7% during the first quarter. Royal Bank of Canada now owns 50,156 shares of the company’s stock valued at $2,177,000 after purchasing an additional 27,330 shares during the period. Jane Street Group LLC raised its stake in shares of iShares Core 5-10 Year USD Bond ETF by 59.4% in the first quarter. Jane Street Group LLC now owns 31,604 shares of the company’s stock valued at $1,372,000 after purchasing an additional 11,774 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares Core 5-10 Year USD Bond ETF by 27.8% in the second quarter. JPMorgan Chase & Co. now owns 85,187 shares of the company’s stock worth $3,717,000 after purchasing an additional 18,539 shares during the period. Raymond James Financial Inc. lifted its position in iShares Core 5-10 Year USD Bond ETF by 80.1% in the second quarter. Raymond James Financial Inc. now owns 40,155 shares of the company’s stock worth $1,752,000 after purchasing an additional 17,864 shares during the period. Finally, Bank of America Corp DE boosted its stake in iShares Core 5-10 Year USD Bond ETF by 3.9% during the second quarter. Bank of America Corp DE now owns 283,154 shares of the company’s stock worth $12,354,000 after buying an additional 10,696 shares in the last quarter.

iShares Core 5-10 Year USD Bond ETF Company Profile

The iShares Core 5-10 Year USD Bond ETF (IMTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted, USD-denominated broad bond index with maturities between five and ten years. Eligible sectors include US Treasurys, global government-related bonds, global investment-grade and high yield corporate bonds, and emerging market bonds. IMTB was launched on Nov 1, 2016 and is managed by BlackRock.