iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Short Interest Down 62.9% in May

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 28,630 shares, a drop of 62.9% from the April 30th total of 77,072 shares. Based on an average trading volume of 38,236 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are short sold.

iShares iBonds Dec 2029 Term Muni Bond ETF Trading Up 0.0%

Shares of BATS:IBMR opened at $25.37 on Friday. The company’s 50-day moving average price is $25.35 and its 200 day moving average price is $25.46. iShares iBonds Dec 2029 Term Muni Bond ETF has a fifty-two week low of $24.89 and a fifty-two week high of $25.77.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Matthew Goff Investment Advisor LLC purchased a new position in iShares iBonds Dec 2029 Term Muni Bond ETF in the 1st quarter worth about $2,892,000. Integrated Wealth Concepts LLC lifted its stake in iShares iBonds Dec 2029 Term Muni Bond ETF by 153.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 104,056 shares of the company’s stock valued at $2,646,000 after buying an additional 62,994 shares in the last quarter. PSI Advisors LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the fourth quarter worth about $1,292,000. Praetorian Wealth Management Inc. increased its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 17.2% in the fourth quarter. Praetorian Wealth Management Inc. now owns 205,521 shares of the company’s stock worth $5,226,000 after acquiring an additional 30,120 shares in the last quarter. Finally, Curbstone Financial Management Corp increased its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 86.8% in the fourth quarter. Curbstone Financial Management Corp now owns 60,270 shares of the company’s stock worth $1,533,000 after acquiring an additional 28,000 shares in the last quarter.

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.