iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Shares Shorted: Short Interest Up 143.6% in September

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 23,707 shares, an increase of 143.6% from the August 31st total of 9,732 shares. Approximately 7.9% of the shares of the company are short sold. Based on an average daily trading volume, of 104,775 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Muni Bond ETF

Hedge funds have recently bought and sold shares of the stock. Praetorian Wealth Management Inc. grew its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 8.9% during the 2nd quarter. Praetorian Wealth Management Inc. now owns 141,610 shares of the company’s stock worth $3,654,000 after purchasing an additional 11,574 shares during the period. NewEdge Advisors LLC boosted its holdings in iShares iBonds Dec 2031 Term Muni Bond ETF by 4.5% during the second quarter. NewEdge Advisors LLC now owns 40,334 shares of the company’s stock worth $1,041,000 after buying an additional 1,724 shares in the last quarter. Spinnaker Trust boosted its holdings in iShares iBonds Dec 2031 Term Muni Bond ETF by 98.9% during the first quarter. Spinnaker Trust now owns 26,963 shares of the company’s stock worth $692,000 after buying an additional 13,405 shares in the last quarter. Godshalk Welsh Capital Management Inc. grew its position in iShares iBonds Dec 2031 Term Muni Bond ETF by 70.0% during the first quarter. Godshalk Welsh Capital Management Inc. now owns 17,000 shares of the company’s stock valued at $436,000 after buying an additional 7,000 shares during the period. Finally, Parallel Advisors LLC acquired a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF during the fourth quarter valued at $405,000.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Performance

Shares of IBMT opened at $24.54 on Tuesday. iShares iBonds Dec 2031 Term Muni Bond ETF has a 52 week low of $24.52 and a 52 week high of $26.44. The stock’s 50-day moving average price is $25.36 and its 200-day moving average price is $25.60.

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.