iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Short Interest Down 44.1% in August

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 40,269 shares, a drop of 44.1% from the July 30th total of 71,994 shares. Based on an average trading volume of 54,348 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Muni Bond ETF

Large investors have recently added to or reduced their stakes in the business. Matthew Goff Investment Advisor LLC acquired a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF during the 1st quarter worth approximately $2,892,000. Integrated Wealth Concepts LLC grew its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 153.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 104,056 shares of the company’s stock worth $2,646,000 after acquiring an additional 62,994 shares in the last quarter. PSI Advisors LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the fourth quarter worth $1,292,000. Spinnaker Trust increased its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 72.0% during the fourth quarter. Spinnaker Trust now owns 45,271 shares of the company’s stock worth $1,151,000 after acquiring an additional 18,951 shares during the period. Finally, Godshalk Welsh Capital Management Inc. increased its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 47.0% during the first quarter. Godshalk Welsh Capital Management Inc. now owns 46,000 shares of the company’s stock worth $1,166,000 after acquiring an additional 14,700 shares during the period.

iShares iBonds Dec 2029 Term Muni Bond ETF Trading Down 0.2%

Shares of BATS:IBMR opened at $25.26 on Friday. The firm’s 50-day moving average is $25.30 and its two-hundred day moving average is $25.38. iShares iBonds Dec 2029 Term Muni Bond ETF has a 1 year low of $25.15 and a 1 year high of $25.77.

About iShares iBonds Dec 2029 Term Muni Bond ETF

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.