Short Interest in iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Decreases By 48.1%

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 22,324 shares, a decrease of 48.1% from the May 31st total of 42,991 shares. Based on an average daily volume of 88,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Up 0.0%

Shares of IBMQ stock opened at $25.58 on Wednesday. iShares iBonds Dec 2028 Term Muni Bond ETF has a 12-month low of $25.35 and a 12-month high of $25.83. The stock’s 50-day moving average price is $25.52 and its 200-day moving average price is $25.58.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Muni Bond ETF

Several institutional investors have recently added to or reduced their stakes in IBMQ. Praetorian Wealth Management Inc. raised its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 10.5% during the 4th quarter. Praetorian Wealth Management Inc. now owns 267,346 shares of the company’s stock valued at $6,837,000 after buying an additional 25,407 shares in the last quarter. PSI Advisors LLC purchased a new position in iShares iBonds Dec 2028 Term Muni Bond ETF in the fourth quarter worth about $2,790,000. Gould Asset Management LLC CA purchased a new position in iShares iBonds Dec 2028 Term Muni Bond ETF in the fourth quarter worth about $547,000. Matthew Goff Investment Advisor LLC bought a new stake in iShares iBonds Dec 2028 Term Muni Bond ETF during the first quarter worth approximately $3,410,000. Finally, Atlantic Union Bankshares Corp increased its stake in iShares iBonds Dec 2028 Term Muni Bond ETF by 14.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 71,632 shares of the company’s stock worth $1,832,000 after acquiring an additional 9,046 shares during the last quarter.

iShares iBonds Dec 2028 Term Muni Bond ETF Company Profile

The iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) 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 2028. IBMQ was launched on Apr 16, 2019 and is managed by BlackRock.