iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Sees Significant Decline in Short Interest

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 3,426 shares, a decrease of 77.4% from the October 15th total of 15,143 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 149,021 shares, the short-interest ratio is currently 0.0 days.

iShares iBonds Dec 2027 Term Muni Bond ETF Price Performance

IBMP stock opened at $25.31 on Thursday. iShares iBonds Dec 2027 Term Muni Bond ETF has a twelve month low of $25.18 and a twelve month high of $25.55. The company’s 50 day moving average is $25.27 and its two-hundred day moving average is $25.37.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Godshalk Welsh Capital Management Inc. lifted its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 17.1% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 42,500 shares of the company’s stock valued at $1,081,000 after acquiring an additional 6,200 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 2.1% during the first quarter. Parallel Advisors LLC now owns 30,885 shares of the company’s stock worth $786,000 after purchasing an additional 644 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% during the first quarter. PNC Financial Services Group Inc. now owns 20,226 shares of the company’s stock worth $515,000 after purchasing an additional 497 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF during the second quarter worth about $350,000. Finally, Heartwood Wealth Advisors LLC increased its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 0.8% during the third quarter. Heartwood Wealth Advisors LLC now owns 703,566 shares of the company’s stock worth $17,758,000 after purchasing an additional 5,622 shares in the last quarter.

About iShares iBonds Dec 2027 Term Muni Bond ETF

The iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) 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 2027. IBMP was launched on Apr 9, 2019 and is managed by BlackRock.