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

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 71,994 shares, an increase of 108.1% from the July 15th total of 34,601 shares. Based on an average daily trading volume, of 53,099 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.7% of the company’s stock are short sold.

iShares iBonds Dec 2029 Term Muni Bond ETF Price Performance

Shares of BATS IBMR opened at $25.29 on Monday. The business has a 50-day simple moving average of $25.31 and a two-hundred day simple moving average of $25.40. iShares iBonds Dec 2029 Term Muni Bond ETF has a fifty-two week low of $25.15 and a fifty-two week high of $25.77.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Muni Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. HORAN Wealth LLC acquired a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF in the 1st quarter worth approximately $217,000. Parallel Advisors LLC raised its holdings in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 14.4% in the fourth quarter. Parallel Advisors LLC now owns 23,161 shares of the company’s stock worth $589,000 after buying an additional 2,911 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 9.4% in the third quarter. Flow Traders U.S. LLC now owns 23,116 shares of the company’s stock worth $590,000 after buying an additional 1,988 shares during the last quarter. Godshalk Welsh Capital Management Inc. lifted its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 31.5% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 31,300 shares of the company’s stock worth $796,000 after buying an additional 7,500 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 3.9% during the third quarter. Integrated Wealth Concepts LLC now owns 41,062 shares of the company’s stock worth $1,048,000 after buying an additional 1,559 shares during the period.

About iShares iBonds Dec 2029 Term Muni Bond ETF

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.