iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Short Interest Up 83.0% in May

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 47,712 shares, an increase of 83.0% from the May 14th total of 26,068 shares. Based on an average daily trading volume, of 66,362 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Muni Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Matthew Goff Investment Advisor LLC bought a new position in iShares iBonds Dec 2027 Term Muni Bond ETF during the first quarter worth about $7,534,000. PSI Advisors LLC bought a new stake in iShares iBonds Dec 2027 Term Muni Bond ETF in the 4th quarter valued at about $3,348,000. O Domhnaill Enterprises Inc. bought a new stake in iShares iBonds Dec 2027 Term Muni Bond ETF in the 1st quarter valued at about $1,126,000. NewEdge Advisors LLC grew its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 9.5% during the 3rd quarter. NewEdge Advisors LLC now owns 454,126 shares of the company’s stock worth $11,569,000 after purchasing an additional 39,355 shares in the last quarter. Finally, Praetorian Wealth Management Inc. grew its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 8.5% during the 4th quarter. Praetorian Wealth Management Inc. now owns 260,139 shares of the company’s stock worth $6,605,000 after purchasing an additional 20,293 shares in the last quarter.

iShares iBonds Dec 2027 Term Muni Bond ETF Price Performance

IBMP stock remained flat at $25.39 during mid-day trading on Monday. 11,715 shares of the company’s stock traded hands, compared to its average volume of 80,533. iShares iBonds Dec 2027 Term Muni Bond ETF has a 1 year low of $25.24 and a 1 year high of $25.57. The business has a fifty day simple moving average of $25.38 and a 200 day simple moving average of $25.42.

About iShares iBonds Dec 2027 Term Muni Bond ETF

The iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) 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 2027. IBMP was launched on Apr 9, 2019 and is managed by BlackRock.