iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Shares Shorted: Short Interest Up 103.2% in September

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 58,405 shares, an increase of 103.2% from the August 31st total of 28,736 shares. Based on an average daily trading volume, of 122,717 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of iShares iBonds Dec 2027 Term Muni Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. purchased a new position in iShares iBonds Dec 2027 Term Muni Bond ETF during the 2nd quarter worth $350,000. Parallel Advisors LLC increased its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 2.1% in the first quarter. Parallel Advisors LLC now owns 30,885 shares of the company’s stock valued at $786,000 after purchasing an additional 644 shares during the period. Godshalk Welsh Capital Management Inc. raised its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 17.1% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 42,500 shares of the company’s stock valued at $1,081,000 after buying an additional 6,200 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% in the first quarter. PNC Financial Services Group Inc. now owns 20,226 shares of the company’s stock valued at $515,000 after buying an additional 497 shares during the last quarter. Finally, Evergreen Private Wealth LLC boosted its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 6.9% during the first quarter. Evergreen Private Wealth LLC now owns 53,044 shares of the company’s stock worth $1,349,000 after buying an additional 3,435 shares during the period.

iShares iBonds Dec 2027 Term Muni Bond ETF Price Performance

IBMP stock opened at $25.21 on Wednesday. The business has a 50 day simple moving average of $25.34 and a 200-day simple moving average of $25.37. iShares iBonds Dec 2027 Term Muni Bond ETF has a twelve month low of $25.19 and a twelve month high of $25.55.

About iShares iBonds Dec 2027 Term Muni Bond ETF

The iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) 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 2027. IBMP was launched on Apr 9, 2019 and is managed by BlackRock.