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 in 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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 88,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of iShares iBonds Dec 2028 Term Muni Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in iShares iBonds Dec 2028 Term Muni Bond ETF by 485.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,511 shares of the company’s stock worth $39,000 after buying an additional 1,253 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the 4th quarter worth $120,000. HORAN Wealth LLC acquired a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF during the fourth quarter worth $217,000. Cary Street Partners Financial LLC raised its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 14.2% during the third quarter. Cary Street Partners Financial LLC now owns 9,086 shares of the company’s stock worth $233,000 after purchasing an additional 1,130 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF during the second quarter valued at $246,000.

iShares iBonds Dec 2028 Term Muni Bond ETF Trading Down 0.2%

Shares of IBMQ opened at $25.52 on Thursday. The firm has a 50-day moving average price of $25.52 and a 200 day moving average price of $25.58. iShares iBonds Dec 2028 Term Muni Bond ETF has a 52-week low of $25.36 and a 52-week high of $25.83.

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.