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

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 23,707 shares, an increase of 143.6% from the August 31st total of 9,732 shares. Based on an average trading volume of 104,775 shares, the days-to-cover ratio is presently 0.2 days. Approximately 7.9% of the shares of the stock are short sold.

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

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 4.5% during the 2nd quarter. NewEdge Advisors LLC now owns 40,334 shares of the company’s stock worth $1,041,000 after purchasing an additional 1,724 shares in the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF in the second quarter valued at approximately $278,000. Praetorian Wealth Management Inc. grew its position in iShares iBonds Dec 2031 Term Muni Bond ETF by 8.9% in the second quarter. Praetorian Wealth Management Inc. now owns 141,610 shares of the company’s stock worth $3,654,000 after acquiring an additional 11,574 shares in the last quarter. Godshalk Welsh Capital Management Inc. increased its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 70.0% during the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 17,000 shares of the company’s stock worth $436,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Spinnaker Trust increased its stake in shares of 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 purchasing an additional 13,405 shares during the last quarter.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Performance

Shares of BATS IBMT opened at $24.65 on Friday. The stock’s fifty day simple moving average is $25.38 and its 200 day simple moving average is $25.62. iShares iBonds Dec 2031 Term Muni Bond ETF has a 52-week low of $24.63 and a 52-week high of $26.44.

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.