iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Sees Significant Drop in Short Interest

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 34,298 shares, a drop of 45.4% from the June 30th total of 62,866 shares. Currently, 11.4% of the company’s shares are short sold. Based on an average daily trading volume, of 69,987 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Muni Bond ETF

Several large investors have recently made changes to their positions in IBMT. Praetorian Wealth Management Inc. lifted its stake in iShares iBonds Dec 2031 Term Muni Bond ETF by 8.9% during the second quarter. Praetorian Wealth Management Inc. now owns 141,610 shares of the company’s stock worth $3,654,000 after purchasing an additional 11,574 shares in the last quarter. NewEdge Advisors LLC purchased a new position in iShares iBonds Dec 2031 Term Muni Bond ETF in the 4th quarter valued at approximately $1,002,000. Atlantic Union Bankshares Corp grew its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 52.7% in the fourth quarter. Atlantic Union Bankshares Corp now owns 31,241 shares of the company’s stock worth $811,000 after acquiring an additional 10,782 shares in the last quarter. Spinnaker Trust increased its position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 98.9% during the first quarter. Spinnaker Trust now owns 26,963 shares of the company’s stock worth $692,000 after acquiring an additional 13,405 shares during the period. Finally, Godshalk Welsh Capital Management Inc. raised its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 70.0% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 17,000 shares of the company’s stock valued at $436,000 after acquiring an additional 7,000 shares in the last quarter.

iShares iBonds Dec 2031 Term Muni Bond ETF Trading Up 0.2%

IBMT opened at $25.49 on Wednesday. iShares iBonds Dec 2031 Term Muni Bond ETF has a one year low of $25.32 and a one year high of $26.44. The business’s 50 day moving average price is $25.69 and its 200 day moving average price is $25.87.

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.