iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 63,739 shares, an increase of 1,031.5% from the September 15th total of 5,633 shares. Based on an average daily trading volume, of 79,071 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.0% of the shares of the stock are short sold.
iShares Core 5-10 Year USD Bond ETF Price Performance
Shares of IMTB traded up $0.01 during mid-day trading on Friday, hitting $41.42. 86,724 shares of the company traded hands, compared to its average volume of 39,234. The business has a 50-day moving average of $42.40 and a 200 day moving average of $43.14. iShares Core 5-10 Year USD Bond ETF has a one year low of $41.01 and a one year high of $44.83.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GK Wealth Management LLC purchased a new stake in iShares Core 5-10 Year USD Bond ETF during the third quarter worth about $264,000. Farther Finance Advisors LLC bought a new position in iShares Core 5-10 Year USD Bond ETF in the 3rd quarter worth approximately $42,000. Eastern Bank purchased a new position in shares of iShares Core 5-10 Year USD Bond ETF in the third quarter valued at $39,000. NewEdge Advisors LLC purchased a new position in shares of iShares Core 5-10 Year USD Bond ETF in the second quarter valued at $236,000. Finally, IFP Advisors Inc bought a new position in iShares Core 5-10 Year USD Bond ETF in the 2nd quarter worth about $2,224,000.
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.
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