iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Sees Significant Decrease in Short Interest

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 10,338 shares, a drop of 65.1% from the July 30th total of 29,587 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average trading volume of 43,147 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Muni Bond ETF

A number of large investors have recently modified their holdings of IBMT. Godshalk Welsh Capital Management Inc. increased its position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 70.0% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 17,000 shares of the company’s stock valued at $436,000 after acquiring an additional 7,000 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in iShares iBonds Dec 2031 Term Muni Bond ETF by 52.7% in the fourth quarter. Atlantic Union Bankshares Corp now owns 31,241 shares of the company’s stock valued at $811,000 after acquiring an additional 10,782 shares during the last quarter. Praetorian Wealth Management Inc. increased its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 8.9% during the 2nd quarter. Praetorian Wealth Management Inc. now owns 141,610 shares of the company’s stock worth $3,654,000 after purchasing an additional 11,574 shares during the last quarter. Spinnaker Trust increased its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 98.9% during the 1st quarter. Spinnaker Trust now owns 26,963 shares of the company’s stock worth $692,000 after purchasing an additional 13,405 shares during the last quarter. Finally, Parallel Advisors LLC bought a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter valued at about $405,000.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Performance

Shares of IBMT opened at $25.51 on Friday. iShares iBonds Dec 2031 Term Muni Bond ETF has a 12 month low of $25.32 and a 12 month high of $26.44. The firm has a fifty day simple moving average of $25.62 and a 200 day simple moving average of $25.77.

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.