iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Sees Significant Drop in Short Interest

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 28,630 shares, a drop of 62.9% from the April 30th total of 77,072 shares. Based on an average daily volume of 38,236 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Crews Bank & Trust increased its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 2.3% during the fourth quarter. Crews Bank & Trust now owns 18,125 shares of the company’s stock worth $461,000 after purchasing an additional 415 shares during the last quarter. Cary Street Partners Financial LLC increased its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 8.6% during the third quarter. Cary Street Partners Financial LLC now owns 8,686 shares of the company’s stock worth $222,000 after purchasing an additional 690 shares during the last quarter. 10Elms LLP increased its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 3.6% during the third quarter. 10Elms LLP now owns 20,400 shares of the company’s stock worth $521,000 after purchasing an additional 700 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 4.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 20,497 shares of the company’s stock worth $521,000 after purchasing an additional 853 shares during the last quarter. Finally, Atlantic Union Bankshares Corp increased its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 1.7% during the third quarter. Atlantic Union Bankshares Corp now owns 57,087 shares of the company’s stock worth $1,457,000 after purchasing an additional 975 shares during the last quarter.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Performance

iShares iBonds Dec 2029 Term Muni Bond ETF stock opened at $25.37 on Friday. iShares iBonds Dec 2029 Term Muni Bond ETF has a 12-month low of $24.89 and a 12-month high of $25.77. The company has a 50-day moving average price of $25.35 and a 200 day moving average price of $25.46.

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.