Short Interest in iShares iBonds Dec 2030 Term Muni Bond ETF (BATS:IBMS) Drops By 75.3%

iShares iBonds Dec 2030 Term Muni Bond ETF (BATS:IBMS) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 29,849 shares, a decrease of 75.3% from the July 30th total of 121,087 shares. Based on an average trading volume of 82,471 shares, the short-interest ratio is presently 0.4 days. Currently, 0.9% of the shares of the stock are short sold.

iShares iBonds Dec 2030 Term Muni Bond ETF Stock Performance

Shares of IBMS stock opened at $25.74 on Friday. iShares iBonds Dec 2030 Term Muni Bond ETF has a twelve month low of $25.59 and a twelve month high of $26.41. The stock’s fifty day simple moving average is $25.78 and its 200 day simple moving average is $25.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IBMS. Spinnaker Trust bought a new position in iShares iBonds Dec 2030 Term Muni Bond ETF in the 4th quarter valued at approximately $604,000. Community Trust & Investment Co. raised its stake in shares of iShares iBonds Dec 2030 Term Muni Bond ETF by 108.2% during the second quarter. Community Trust & Investment Co. now owns 381,639 shares of the company’s stock valued at $9,873,000 after acquiring an additional 198,355 shares during the last quarter. Atlantic Union Bankshares Corp raised its stake in shares of iShares iBonds Dec 2030 Term Muni Bond ETF by 22.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 62,412 shares of the company’s stock valued at $1,626,000 after acquiring an additional 11,494 shares during the last quarter. Praetorian Wealth Management Inc. lifted its holdings in shares of iShares iBonds Dec 2030 Term Muni Bond ETF by 3.1% during the second quarter. Praetorian Wealth Management Inc. now owns 220,855 shares of the company’s stock worth $5,714,000 after purchasing an additional 6,617 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2030 Term Muni Bond ETF by 4.0% during the first quarter. Parallel Advisors LLC now owns 16,344 shares of the company’s stock worth $422,000 after purchasing an additional 634 shares during the period.

About iShares iBonds Dec 2030 Term Muni Bond ETF

The iShares iBonds Dec 2030 Term Muni Bond ETF (IBMS) 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 2030 IBMS was launched on May 22, 2024 and is issued by BlackRock.