iShares Core 10+ Year USD Bond ETF (NYSEARCA:ILTB) Sees Significant Drop in Short Interest

iShares Core 10+ Year USD Bond ETF (NYSEARCA:ILTB) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 7,901 shares, a drop of 79.3% from the May 14th total of 38,200 shares. Based on an average daily trading volume, of 36,050 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of iShares Core 10+ Year USD Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc lifted its holdings in iShares Core 10+ Year USD Bond ETF by 32.4% in the fourth quarter. IFP Advisors Inc now owns 960 shares of the company’s stock worth $48,000 after buying an additional 235 shares during the period. Fifth Third Bancorp purchased a new stake in iShares Core 10+ Year USD Bond ETF in the first quarter worth about $161,000. Advisory Services Network LLC purchased a new stake in iShares Core 10+ Year USD Bond ETF in the third quarter worth about $201,000. Winter & Associates Inc. purchased a new position in shares of iShares Core 10+ Year USD Bond ETF during the fourth quarter valued at approximately $239,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of iShares Core 10+ Year USD Bond ETF during the third quarter valued at approximately $247,000.

iShares Core 10+ Year USD Bond ETF Stock Performance

ILTB traded down $0.08 on Friday, hitting $49.05. The company had a trading volume of 44,551 shares, compared to its average volume of 57,405. iShares Core 10+ Year USD Bond ETF has a 52-week low of $47.54 and a 52-week high of $51.77. The stock has a fifty day simple moving average of $48.92 and a 200-day simple moving average of $49.57.

About iShares Core 10+ Year USD Bond ETF

iShares Core Long-Term U.S. Bond ETF (the Fund), formerly iShares 10+ Year Government/Credit Bond Fund, seeks investment results that correspond generally to the price and yield performance of the long-term, investment-grade United States corporate and government bond markets as defined by the BofA Merrill Lynch 10+ Year US Corporate & Government Index (the Index). The Index includes publicly issued United States Treasury debt, the United States Government agency debt, taxable debt issued by the United States states and territories and their political subdivisions, debt issued by the United States and non-United States corporations, non- United States Government debt and supranational debt.