iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Short Interest Update

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 28,736 shares, a drop of 41.1% from the August 15th total of 48,787 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 62,283 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of iShares iBonds Dec 2027 Term Muni Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% in the first quarter. PNC Financial Services Group Inc. now owns 20,226 shares of the company’s stock worth $515,000 after purchasing an additional 497 shares during the period. Parallel Advisors LLC increased its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 2.1% in the 1st quarter. Parallel Advisors LLC now owns 30,885 shares of the company’s stock valued at $786,000 after buying an additional 644 shares during the period. 10Elms LLP increased its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 3.2% in the 4th quarter. 10Elms LLP now owns 22,694 shares of the company’s stock valued at $576,000 after buying an additional 700 shares during the period. Spinnaker Trust raised its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 4.3% in the 4th quarter. Spinnaker Trust now owns 68,105 shares of the company’s stock valued at $1,729,000 after buying an additional 2,819 shares in the last quarter. Finally, Evergreen Private Wealth LLC raised its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 6.9% in the 1st quarter. Evergreen Private Wealth LLC now owns 53,044 shares of the company’s stock valued at $1,349,000 after buying an additional 3,435 shares in the last quarter.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Performance

IBMP stock opened at $25.31 on Friday. iShares iBonds Dec 2027 Term Muni Bond ETF has a 52-week low of $25.27 and a 52-week high of $25.57. The company has a 50-day moving average of $25.36 and a two-hundred day moving average of $25.38.

About iShares iBonds Dec 2027 Term Muni Bond ETF

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.