iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Shares Shorted: Short Interest Up 267.1% in October

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 62,769 shares, an increase of 267.1% from the September 30th total of 17,100 shares. Currently, 20.9% of the shares of the company are sold short. Based on an average daily volume of 125,918 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IBMT. Bradley & Co. Private Wealth Management LLC purchased a new position in iShares iBonds Dec 2031 Term Muni Bond ETF in the third quarter worth $266,000. Newman Dignan & Sheerar Inc. acquired a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF in the third quarter valued at $469,000. Praetorian Wealth Management Inc. lifted its holdings in iShares iBonds Dec 2031 Term Muni Bond ETF by 12.1% in the third quarter. Praetorian Wealth Management Inc. now owns 158,793 shares of the company’s stock valued at $3,916,000 after acquiring an additional 17,183 shares during the period. Adirondack Trust Co. purchased a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF during the 3rd quarter worth $33,000. Finally, NewEdge Advisors LLC boosted its position 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.

iShares iBonds Dec 2031 Term Muni Bond ETF Price Performance

Shares of IBMT stock opened at $25.39 on Wednesday. The stock has a 50 day simple moving average of $25.13 and a 200-day simple moving average of $25.66. iShares iBonds Dec 2031 Term Muni Bond ETF has a 12-month low of $24.48 and a 12-month high of $26.44.

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.