Short Interest in iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) Drops By 46.0%

iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 35,658 shares, a drop of 46.0% from the June 15th total of 66,078 shares. Based on an average daily trading volume, of 42,110 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Core 5-10 Year USD Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in iShares Core 5-10 Year USD Bond ETF by 1.9% during the first quarter. Bank of America Corp DE now owns 225,696 shares of the company’s stock worth $9,890,000 after purchasing an additional 4,272 shares during the period. Royal Bank of Canada raised its position in shares of iShares Core 5-10 Year USD Bond ETF by 37.9% in the first quarter. Royal Bank of Canada now owns 43,639 shares of the company’s stock valued at $1,912,000 after purchasing an additional 12,002 shares during the period. Rice Partnership LLC raised its position in shares of iShares Core 5-10 Year USD Bond ETF by 4.7% in the first quarter. Rice Partnership LLC now owns 11,458 shares of the company’s stock valued at $502,000 after purchasing an additional 512 shares during the period. Comprehensive Money Management Services LLC purchased a new stake in shares of iShares Core 5-10 Year USD Bond ETF during the 1st quarter valued at approximately $210,000. Finally, Destination Wealth Management lifted its stake in shares of iShares Core 5-10 Year USD Bond ETF by 6.0% during the 4th quarter. Destination Wealth Management now owns 499,978 shares of the company’s stock valued at $22,099,000 after buying an additional 28,158 shares in the last quarter.

iShares Core 5-10 Year USD Bond ETF Stock Performance

Shares of IMTB traded down $0.03 during mid-day trading on Thursday, hitting $43.28. The stock had a trading volume of 19,615 shares, compared to its average volume of 28,351. iShares Core 5-10 Year USD Bond ETF has a 52 week low of $42.97 and a 52 week high of $44.83. The business has a fifty day moving average price of $43.47 and a 200-day moving average price of $43.89.

About iShares Core 5-10 Year USD Bond ETF

The iShares Core 5-10 Year USD Bond ETF (IMTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted, USD-denominated broad bond index with maturities between five and ten years. Eligible sectors include US Treasurys, global government-related bonds, global investment-grade and high yield corporate bonds, and emerging market bonds. IMTB was launched on Nov 1, 2016 and is managed by BlackRock.