Short Interest in iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Increases By 473.3%

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 87,533 shares, an increase of 473.3% from the June 30th total of 15,267 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 66,667 shares, the days-to-cover ratio is currently 1.3 days.

iShares iBonds Dec 2027 Term Muni Bond ETF Price Performance

Shares of iShares iBonds Dec 2027 Term Muni Bond ETF stock opened at $25.39 on Friday. iShares iBonds Dec 2027 Term Muni Bond ETF has a 52 week low of $25.29 and a 52 week high of $25.57. The stock has a 50 day moving average price of $25.39 and a two-hundred day moving average price of $25.42.

Institutional Trading of iShares iBonds Dec 2027 Term Muni Bond ETF

Institutional investors have recently made changes to their positions in the company. Princeton Global Asset Management LLC boosted its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 113.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 8,450 shares of the company’s stock worth $215,000 after purchasing an additional 4,500 shares during the last quarter. Eldridge Investment Advisors Inc. purchased a new stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF during the 4th quarter valued at $328,000. PNC Financial Services Group Inc. raised its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 100.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,729 shares of the company’s stock worth $501,000 after purchasing an additional 9,880 shares during the period. 10Elms LLP raised its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 3.2% during the 4th quarter. 10Elms LLP now owns 22,694 shares of the company’s stock worth $576,000 after purchasing an additional 700 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 12.7% in the 4th quarter. Captrust Financial Advisors now owns 24,522 shares of the company’s stock worth $623,000 after buying an additional 2,758 shares during the last quarter.

iShares iBonds Dec 2027 Term Muni Bond ETF Company Profile

The iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) 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 2027. IBMP was launched on Apr 9, 2019 and is managed by BlackRock.