Short Interest in iShares iBonds Dec 2030 Term Muni Bond ETF (BATS:IBMS) Declines By 50.9%

iShares iBonds Dec 2030 Term Muni Bond ETF (BATS:IBMS) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 25,148 shares, a drop of 50.9% from the May 31st total of 51,240 shares. Based on an average daily volume of 56,420 shares, the short-interest ratio is currently 0.4 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Muni Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Praetorian Wealth Management Inc. boosted its position in iShares iBonds Dec 2030 Term Muni Bond ETF by 34.4% during the fourth quarter. Praetorian Wealth Management Inc. now owns 165,540 shares of the company’s stock worth $4,314,000 after purchasing an additional 42,365 shares during the period. Spinnaker Trust bought a new position in shares of iShares iBonds Dec 2030 Term Muni Bond ETF in the fourth quarter valued at about $604,000. Blue Square Asset Management LLC lifted its stake in shares of iShares iBonds Dec 2030 Term Muni Bond ETF by 15.2% during the 4th quarter. Blue Square Asset Management LLC now owns 26,441 shares of the company’s stock worth $689,000 after buying an additional 3,487 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of iShares iBonds Dec 2030 Term Muni Bond ETF by 22.1% during the 4th quarter. Parallel Advisors LLC now owns 15,710 shares of the company’s stock worth $409,000 after buying an additional 2,840 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Muni Bond ETF during the 4th quarter worth about $3,317,000.

iShares iBonds Dec 2030 Term Muni Bond ETF Stock Up 0.2%

IBMS opened at $25.89 on Tuesday. iShares iBonds Dec 2030 Term Muni Bond ETF has a 12-month low of $25.59 and a 12-month high of $26.41. The business has a 50 day moving average of $25.87 and a 200-day moving average of $26.03.

iShares iBonds Dec 2030 Term Muni Bond ETF Company Profile

The iShares iBonds Dec 2030 Term Muni Bond ETF (IBMS) 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 2030 IBMS was launched on May 22, 2024 and is issued by BlackRock.