iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Sees Large Growth in Short Interest

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 71,994 shares, a growth of 108.1% from the July 15th total of 34,601 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 53,099 shares, the short-interest ratio is currently 1.4 days.

iShares iBonds Dec 2029 Term Muni Bond ETF Price Performance

Shares of IBMR stock opened at $25.29 on Friday. iShares iBonds Dec 2029 Term Muni Bond ETF has a 12-month low of $25.15 and a 12-month high of $25.77. The business has a 50 day simple moving average of $25.31 and a 200 day simple moving average of $25.41.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Muni Bond ETF

Several hedge funds have recently modified their holdings of IBMR. Matthew Goff Investment Advisor LLC purchased a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF in the 1st quarter worth about $2,892,000. Integrated Wealth Concepts LLC raised its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 153.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 104,056 shares of the company’s stock valued at $2,646,000 after acquiring an additional 62,994 shares in the last quarter. PSI Advisors LLC bought a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the 4th quarter valued at $1,292,000. Spinnaker Trust lifted its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 72.0% in the fourth quarter. Spinnaker Trust now owns 45,271 shares of the company’s stock worth $1,151,000 after buying an additional 18,951 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. lifted its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF by 47.0% in the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 46,000 shares of the company’s stock worth $1,166,000 after purchasing an additional 14,700 shares during the last quarter.

iShares iBonds Dec 2029 Term Muni Bond ETF Company Profile

The iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks the investment results of an investment-grade U.S. municipal bonds index expected to mature or be redeemed before mid-December 2029. IBMR was launched on May 9, 2023 and is managed by BlackRock.