Short Interest in iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Drops By 48.1%

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 22,324 shares, a decline of 48.1% from the May 31st total of 42,991 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 88,900 shares, the short-interest ratio is presently 0.3 days.

iShares iBonds Dec 2028 Term Muni Bond ETF Price Performance

Shares of IBMQ stock opened at $25.57 on Tuesday. iShares iBonds Dec 2028 Term Muni Bond ETF has a 52-week low of $25.35 and a 52-week high of $25.83. The firm’s 50 day moving average price is $25.52 and its two-hundred day moving average price is $25.58.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 485.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,511 shares of the company’s stock worth $39,000 after purchasing an additional 1,253 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF during the fourth quarter worth $120,000. HORAN Wealth LLC bought a new stake in iShares iBonds Dec 2028 Term Muni Bond ETF in the fourth quarter valued at about $217,000. Cary Street Partners Financial LLC increased its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 14.2% in the third quarter. Cary Street Partners Financial LLC now owns 9,086 shares of the company’s stock valued at $233,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the 2nd quarter valued at about $246,000.

iShares iBonds Dec 2028 Term Muni Bond ETF Company Profile

The iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) 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 2028. IBMQ was launched on Apr 16, 2019 and is managed by BlackRock.