iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Stock Short Interest Climbs 749.4%

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 268,487 shares, an increase of 749.4% from the September 15th total of 31,609 shares. Approximately 2.6% of the shares of the stock are short sold. Based on an average daily volume of 145,526 shares, the short-interest ratio is presently 1.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Praetorian Wealth Management Inc. raised its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 1.8% during the second quarter. Praetorian Wealth Management Inc. now owns 253,195 shares of the company’s stock valued at $6,429,000 after purchasing an additional 4,388 shares during the period. Matthew Goff Investment Advisor LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the 1st quarter worth approximately $2,892,000. Confluence Investment Management LLC boosted its holdings in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 0.9% in the 2nd quarter. Confluence Investment Management LLC now owns 87,480 shares of the company’s stock worth $2,221,000 after purchasing an additional 771 shares during the period. Roble Belko & Company Inc bought a new position in iShares iBonds Dec 2029 Term Muni Bond ETF during the second quarter valued at $1,771,000. Finally, Spinnaker Trust boosted its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 35.2% during the 1st quarter. Spinnaker Trust now owns 61,223 shares of the company’s stock worth $1,552,000 after purchasing an additional 15,952 shares during the period.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Performance

Shares of IBMR opened at $24.84 on Monday. The company’s fifty day moving average is $25.07 and its 200 day moving average is $25.24. iShares iBonds Dec 2029 Term Muni Bond ETF has a fifty-two week low of $24.60 and a fifty-two week high of $25.77.

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.