iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) Sees Large Increase in Short Interest

iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 66,078 shares, a growth of 146.5% from the May 31st total of 26,805 shares. Based on an average daily trading volume, of 23,888 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.0% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Core 5-10 Year USD Bond ETF

A number of institutional investors have recently made changes to their positions in IMTB. Bank of America Corp DE lifted its position in shares of iShares Core 5-10 Year USD Bond ETF by 1.9% during the 1st quarter. Bank of America Corp DE now owns 225,696 shares of the company’s stock worth $9,890,000 after purchasing an additional 4,272 shares during the last quarter. Royal Bank of Canada grew its holdings in iShares Core 5-10 Year USD Bond ETF by 37.9% in the 1st quarter. Royal Bank of Canada now owns 43,639 shares of the company’s stock valued at $1,912,000 after buying an additional 12,002 shares during the last quarter. Rice Partnership LLC increased its position in iShares Core 5-10 Year USD Bond ETF by 4.7% in the 1st quarter. Rice Partnership LLC now owns 11,458 shares of the company’s stock worth $502,000 after buying an additional 512 shares during the period. Comprehensive Money Management Services LLC bought a new position in iShares Core 5-10 Year USD Bond ETF in the 1st quarter worth approximately $210,000. Finally, Destination Wealth Management increased its position in iShares Core 5-10 Year USD Bond ETF by 6.0% in the 4th quarter. Destination Wealth Management now owns 499,978 shares of the company’s stock worth $22,099,000 after buying an additional 28,158 shares during the period.

iShares Core 5-10 Year USD Bond ETF Stock Down 0.4%

iShares Core 5-10 Year USD Bond ETF stock traded down $0.17 on Wednesday, reaching $43.44. 4,551 shares of the stock were exchanged, compared to its average volume of 28,944. iShares Core 5-10 Year USD Bond ETF has a twelve month low of $42.95 and a twelve month high of $44.83. The firm has a fifty day moving average price of $43.61 and a two-hundred day moving average price of $43.96.

iShares Core 5-10 Year USD Bond ETF Company Profile

The iShares Core 5-10 Year USD Bond ETF (IMTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted, USD-denominated broad bond index with maturities between five and ten years. Eligible sectors include US Treasurys, global government-related bonds, global investment-grade and high yield corporate bonds, and emerging market bonds. IMTB was launched on Nov 1, 2016 and is managed by BlackRock.