iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Sees Large Decrease in Short Interest

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 124,061 shares, a decrease of 53.8% from the September 30th total of 268,487 shares. Based on an average trading volume of 172,028 shares, the short-interest ratio is presently 0.7 days. Approximately 1.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBMR. Praetorian Wealth Management Inc. increased its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 1.8% during the second quarter. Praetorian Wealth Management Inc. now owns 253,195 shares of the company’s stock valued at $6,429,000 after purchasing an additional 4,388 shares during the period. Confluence Investment Management LLC raised its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 0.9% in the 2nd quarter. Confluence Investment Management LLC now owns 87,480 shares of the company’s stock valued at $2,221,000 after purchasing an additional 771 shares during the last quarter. Roble Belko & Company Inc acquired a new position in iShares iBonds Dec 2029 Term Muni Bond ETF during the 2nd quarter worth about $1,771,000. Godshalk Welsh Capital Management Inc. grew its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 47.0% during the first quarter. Godshalk Welsh Capital Management Inc. now owns 46,000 shares of the company’s stock valued at $1,166,000 after purchasing an additional 14,700 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. acquired a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the 2nd quarter valued at $704,000.

iShares iBonds Dec 2029 Term Muni Bond ETF Price Performance

Shares of iShares iBonds Dec 2029 Term Muni Bond ETF stock opened at $25.17 on Friday. The stock has a 50-day moving average price of $25.01 and a 200 day moving average price of $25.31. iShares iBonds Dec 2029 Term Muni Bond ETF has a 1 year low of $24.60 and a 1 year high of $25.77.

iShares iBonds Dec 2029 Term Muni Bond ETF Company Profile

The iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) 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 2029. IBMR was launched on May 9, 2023 and is managed by BlackRock.