iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Sees Significant Growth in Short Interest

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 42,991 shares, a growth of 70.8% from the May 14th total of 25,166 shares. Based on an average trading volume of 77,971 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Performance

Shares of BATS IBMQ traded up $0.01 during mid-day trading on Monday, hitting $25.54. 14,858 shares of the stock were exchanged, compared to its average volume of 93,877. iShares iBonds Dec 2028 Term Muni Bond ETF has a twelve month low of $25.27 and a twelve month high of $25.83. The stock’s fifty day simple moving average is $25.51 and its two-hundred day simple moving average is $25.58.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Muni Bond ETF

Several institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in iShares iBonds Dec 2028 Term Muni Bond ETF by 485.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,511 shares of the company’s stock worth $39,000 after purchasing an additional 1,253 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the fourth quarter valued at $120,000. HORAN Wealth LLC bought a new position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the fourth quarter valued at about $217,000. Cary Street Partners Financial LLC lifted its position in iShares iBonds Dec 2028 Term Muni Bond ETF by 14.2% during the 3rd quarter. Cary Street Partners Financial LLC now owns 9,086 shares of the company’s stock worth $233,000 after buying an additional 1,130 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in iShares iBonds Dec 2028 Term Muni Bond ETF during the 2nd quarter worth about $246,000.

About iShares iBonds Dec 2028 Term Muni Bond ETF

The iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) 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 2028. IBMQ was launched on Apr 16, 2019 and is managed by BlackRock.