iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Sees Large Decrease in Short Interest

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 31,609 shares, a drop of 46.7% from the August 31st total of 59,340 shares. Based on an average daily trading volume, of 100,933 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Performance

BATS:IBMR opened at $24.64 on Wednesday. iShares iBonds Dec 2029 Term Muni Bond ETF has a fifty-two week low of $24.60 and a fifty-two week high of $25.77. The company has a fifty day moving average of $25.15 and a two-hundred day moving average of $25.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBMR. Roble Belko & Company Inc purchased a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the second quarter worth $1,771,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the 2nd quarter valued at approximately $704,000. United Community Bank acquired a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF during the second quarter worth $38,000. Praetorian Wealth Management Inc. raised its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF by 1.8% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 253,195 shares of the company’s stock valued at $6,429,000 after buying an additional 4,388 shares during the period. Finally, Confluence Investment Management LLC raised its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 0.9% in the 2nd quarter. Confluence Investment Management LLC now owns 87,480 shares of the company’s stock valued at $2,221,000 after acquiring an additional 771 shares during the period.

iShares iBonds Dec 2029 Term Muni Bond ETF Company Profile

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.