iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Short Interest Up 718.3% in June

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 23,247 shares, an increase of 718.3% from the May 31st total of 2,841 shares. Based on an average daily volume of 31,719 shares, the days-to-cover ratio is presently 0.7 days. Currently, 7.7% of the company’s stock are short sold.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Performance

iShares iBonds Dec 2031 Term Muni Bond ETF stock opened at $25.77 on Friday. iShares iBonds Dec 2031 Term Muni Bond ETF has a twelve month low of $25.30 and a twelve month high of $26.44. The stock’s 50 day moving average is $25.73 and its 200 day moving average is $25.92.

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

Institutional investors have recently modified their holdings of the stock. Praetorian Wealth Management Inc. purchased a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter worth about $1,236,000. IFP Advisors Inc grew its position in iShares iBonds Dec 2031 Term Muni Bond ETF by 603.1% during the 3rd quarter. IFP Advisors Inc now owns 6,926 shares of the company’s stock valued at $179,000 after purchasing an additional 5,941 shares during the last quarter. Adirondack Trust Co. purchased a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at about $35,000. Newman Dignan & Sheerar Inc. purchased a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at about $393,000. Finally, NewEdge Advisors LLC bought a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter valued at about $1,002,000.

iShares iBonds Dec 2031 Term Muni Bond ETF Company Profile

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.