iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Short Interest Up 243.0% in April

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 8,612 shares, a growth of 243.0% from the April 15th total of 2,511 shares. Based on an average trading volume of 13,940 shares, the short-interest ratio is presently 0.6 days. Currently, 2.9% of the company’s stock are sold short.

iShares iBonds Dec 2031 Term Muni Bond ETF Price Performance

BATS:IBMT opened at $25.67 on Thursday. iShares iBonds Dec 2031 Term Muni Bond ETF has a 52 week low of $24.96 and a 52 week high of $26.44. The firm has a 50 day moving average of $25.80 and a 200 day moving average of $25.97.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of IBMT. Leavell Investment Management Inc. lifted its position in iShares iBonds Dec 2031 Term Muni Bond ETF by 65.3% during the third quarter. Leavell Investment Management Inc. now owns 29,575 shares of the company’s stock valued at $766,000 after acquiring an additional 11,685 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in iShares iBonds Dec 2031 Term Muni Bond ETF by 346.5% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 20,459 shares of the company’s stock valued at $530,000 after purchasing an additional 15,877 shares in the last quarter. IFP Advisors Inc increased its stake in iShares iBonds Dec 2031 Term Muni Bond ETF by 603.1% during the 3rd quarter. IFP Advisors Inc now owns 6,926 shares of the company’s stock valued at $179,000 after purchasing an additional 5,941 shares in the last quarter. Adirondack Trust Co. acquired a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at approximately $35,000. Finally, Praetorian Wealth Management Inc. acquired a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at approximately $1,236,000.

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.