iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Shares Shorted: Short Interest Up 267.1% in October

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 62,769 shares, an increase of 267.1% from the September 30th total of 17,100 shares. Currently, 20.9% of the company’s stock are short sold. Based on an average daily volume of 125,918 shares, the days-to-cover ratio is presently 0.5 days.

iShares iBonds Dec 2031 Term Muni Bond ETF Price Performance

Shares of IBMT opened at $25.39 on Friday. iShares iBonds Dec 2031 Term Muni Bond ETF has a 1-year low of $24.48 and a 1-year high of $26.44. The firm has a fifty day moving average price of $25.12 and a 200 day moving average price of $25.65.

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

Large investors have recently bought and sold shares of the stock. Adirondack Trust Co. acquired a new position in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the 3rd quarter valued at about $33,000. NewEdge Advisors LLC raised its stake in iShares iBonds Dec 2031 Term Muni Bond ETF by 4.5% during the second quarter. NewEdge Advisors LLC now owns 40,334 shares of the company’s stock worth $1,041,000 after acquiring an additional 1,724 shares during the period. Godshalk Welsh Capital Management Inc. raised its stake in iShares iBonds Dec 2031 Term Muni Bond ETF by 70.0% during the first quarter. Godshalk Welsh Capital Management Inc. now owns 17,000 shares of the company’s stock worth $436,000 after acquiring an additional 7,000 shares during the period. Sterling Investment Advisors Ltd. bought a new position in iShares iBonds Dec 2031 Term Muni Bond ETF in the second quarter worth about $278,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new position in iShares iBonds Dec 2031 Term Muni Bond ETF in the third quarter worth about $266,000.

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.