iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Stock Short Interest Rises 103.2%

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 58,405 shares, an increase of 103.2% from the August 31st total of 28,736 shares. Based on an average trading volume of 122,717 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of iShares iBonds Dec 2027 Term Muni Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IBMP. Matthew Goff Investment Advisor LLC acquired a new position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF during the 1st quarter worth approximately $7,534,000. O Domhnaill Enterprises Inc. purchased a new stake in iShares iBonds Dec 2027 Term Muni Bond ETF in the 1st quarter worth $1,126,000. Wedbush Securities Inc. acquired a new position in iShares iBonds Dec 2027 Term Muni Bond ETF during the second quarter worth $350,000. Eldridge Investment Advisors Inc. acquired a new position in iShares iBonds Dec 2027 Term Muni Bond ETF during the fourth quarter worth $328,000. Finally, PNC Financial Services Group Inc. lifted its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 100.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 19,729 shares of the company’s stock valued at $501,000 after purchasing an additional 9,880 shares in the last quarter.

iShares iBonds Dec 2027 Term Muni Bond ETF Price Performance

Shares of IBMP stock opened at $25.21 on Tuesday. iShares iBonds Dec 2027 Term Muni Bond ETF has a fifty-two week low of $25.20 and a fifty-two week high of $25.55. The stock’s 50-day simple moving average is $25.34 and its 200-day simple moving average is $25.37.

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.