iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) Sees Large Growth in Short Interest

iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 63,739 shares, an increase of 1,031.5% from the September 15th total of 5,633 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 79,071 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On iShares Core 5-10 Year USD Bond ETF

Hedge funds have recently made changes to their positions in the company. Rice Partnership LLC lifted its holdings in shares of iShares Core 5-10 Year USD Bond ETF by 4.7% in the first quarter. Rice Partnership LLC now owns 11,458 shares of the company’s stock valued at $502,000 after purchasing an additional 512 shares in the last quarter. Eastern Bank acquired a new stake in shares of iShares Core 5-10 Year USD Bond ETF in the third quarter worth $39,000. Farther Finance Advisors LLC purchased a new position in shares of iShares Core 5-10 Year USD Bond ETF during the third quarter valued at $42,000. Bank of America Corp DE grew its holdings in shares of iShares Core 5-10 Year USD Bond ETF by 1.9% during the first quarter. Bank of America Corp DE now owns 225,696 shares of the company’s stock valued at $9,890,000 after buying an additional 4,272 shares in the last quarter. Finally, Comprehensive Money Management Services LLC acquired a new position in iShares Core 5-10 Year USD Bond ETF during the first quarter valued at $210,000.

iShares Core 5-10 Year USD Bond ETF Price Performance

IMTB stock traded up $0.01 during mid-day trading on Friday, reaching $41.42. 86,724 shares of the stock traded hands, compared to its average volume of 39,234. iShares Core 5-10 Year USD Bond ETF has a 52-week low of $41.01 and a 52-week high of $44.83. The stock’s fifty day moving average is $42.40 and its 200-day moving average is $43.14.

About iShares Core 5-10 Year USD Bond ETF

The iShares Core 5-10 Year USD Bond ETF (IMTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted, USD-denominated broad bond index with maturities between five and ten years. Eligible sectors include US Treasurys, global government-related bonds, global investment-grade and high yield corporate bonds, and emerging market bonds. IMTB was launched on Nov 1, 2016 and is managed by BlackRock.