iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) Short Interest Down 45.4% in July

iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 34,298 shares, a drop of 45.4% from the June 30th total of 62,866 shares. Approximately 11.4% of the company’s shares are short sold. Based on an average trading volume of 69,987 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Muni Bond ETF

Several large investors have recently modified their holdings of IBMT. Godshalk Welsh Capital Management Inc. bought a new stake in iShares iBonds Dec 2031 Term Muni Bond ETF in the fourth quarter worth $260,000. Spinnaker Trust bought a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the fourth quarter valued at $352,000. Newman Dignan & Sheerar Inc. bought a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the fourth quarter valued at $393,000. Parallel Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF in the fourth quarter valued at $405,000. Finally, Atlantic Union Bankshares Corp raised its stake in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 52.7% in the fourth quarter. Atlantic Union Bankshares Corp now owns 31,241 shares of the company’s stock valued at $811,000 after acquiring an additional 10,782 shares during the period.

iShares iBonds Dec 2031 Term Muni Bond ETF Stock Performance

Shares of IBMT stock opened at $25.48 on Friday. iShares iBonds Dec 2031 Term Muni Bond ETF has a 1 year low of $25.32 and a 1 year high of $26.44. The stock’s 50 day simple moving average is $25.68 and its two-hundred day simple moving average is $25.86.

About iShares iBonds Dec 2031 Term Muni Bond ETF

iShares Trust – iShares iBonds Dec 2031 Term Muni Bond ETF is an exchange traded fund launched by BlackRock, Inc The fund is managed by BlackRock Fund Advisors. It invests in the fixed income markets of the United States. The fund invests in municipal bonds issued by the state or local governments or agencies that are exempt from U.S. federal income taxes and the federal alternative minimum tax. It invests in investment-grade bonds rated at least BBB- by S&P or Fitch or Baa3 by Moody’s that will mature after December 31, 2030 and before December 2, 2031.