iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Short Interest Update

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 62,866 shares, a growth of 170.4% from the June 15th total of 23,247 shares. Currently, 21.0% of the shares of the stock are short sold. Based on an average daily volume of 78,501 shares, the days-to-cover ratio is currently 0.8 days.

iShares iBonds Dec 2031 Term Muni Bond ETF Trading Up 0.0%

Shares of BATS IBMT opened at $25.70 on Wednesday. The company has a 50 day simple moving average of $25.71 and a 200 day simple moving average of $25.90. iShares iBonds Dec 2031 Term Muni Bond ETF has a 1 year low of $25.30 and a 1 year high of $26.44.

Institutional Trading of iShares iBonds Dec 2031 Term Muni Bond ETF

A number of large investors have recently bought and sold shares of IBMT. Adirondack Trust Co. acquired a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter worth approximately $35,000. IFP Advisors Inc boosted its holdings in iShares iBonds Dec 2031 Term Muni Bond ETF by 603.1% during the third quarter. IFP Advisors Inc now owns 6,926 shares of the company’s stock worth $179,000 after purchasing an additional 5,941 shares during the last quarter. Godshalk Welsh Capital Management Inc. purchased a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter worth approximately $260,000. Spinnaker Trust bought a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the fourth quarter valued at about $352,000. Finally, Newman Dignan & Sheerar Inc. bought a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the fourth quarter valued at $393,000.

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.