iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Shares Shorted: Short Interest Up 267.1% in October

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 62,769 shares, a growth of 267.1% from the September 30th total of 17,100 shares. Based on an average daily volume of 125,918 shares, the days-to-cover ratio is currently 0.5 days. Approximately 20.9% of the shares of the company are sold short.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Praetorian Wealth Management Inc. increased its stake in iShares iBonds Dec 2031 Term Muni Bond ETF by 12.1% in the 3rd quarter. Praetorian Wealth Management Inc. now owns 158,793 shares of the company’s stock valued at $3,916,000 after buying an additional 17,183 shares during the period. NewEdge Advisors LLC lifted its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 4.5% in the 2nd quarter. NewEdge Advisors LLC now owns 40,334 shares of the company’s stock worth $1,041,000 after acquiring an additional 1,724 shares during the period. Spinnaker Trust lifted its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 98.9% in the 1st quarter. Spinnaker Trust now owns 26,963 shares of the company’s stock worth $692,000 after acquiring an additional 13,405 shares during the period. Newman Dignan & Sheerar Inc. purchased a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the third quarter valued at about $469,000. Finally, Godshalk Welsh Capital Management Inc. boosted its holdings 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 in the last quarter.

iShares iBonds Dec 2031 Term Muni Bond ETF Trading Down 0.1%

Shares of IBMT stock opened at $25.39 on Wednesday. The business’s 50 day moving average is $25.13 and its two-hundred day moving average is $25.66. iShares iBonds Dec 2031 Term Muni Bond ETF has a twelve month low of $24.48 and a twelve month high of $26.44.

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.