iShares iBonds Dec 2031 Term Muni Bond ETF (BATS:IBMT – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,841 shares, a drop of 62.4% from the May 14th total of 7,548 shares. Based on an average daily volume of 25,576 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.9% of the company’s stock are short sold.
iShares iBonds Dec 2031 Term Muni Bond ETF Stock Performance
BATS IBMT traded down $0.05 during mid-day trading on Friday, hitting $25.69. The company’s stock had a trading volume of 22,926 shares, compared to its average volume of 27,519. The company’s 50 day simple moving average is $25.72 and its 200 day simple moving average is $25.93. iShares iBonds Dec 2031 Term Muni Bond ETF has a twelve month low of $25.21 and a twelve month high of $26.44.
Institutional Trading of iShares iBonds Dec 2031 Term Muni Bond ETF
Several hedge funds have recently bought and sold shares of IBMT. Godshalk Welsh Capital Management Inc. boosted its holdings in iShares iBonds Dec 2031 Term Muni Bond ETF by 70.0% during the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 17,000 shares of the company’s stock worth $436,000 after acquiring an additional 7,000 shares during the last quarter. Spinnaker Trust boosted its holdings in iShares iBonds Dec 2031 Term Muni Bond ETF by 98.9% during the 1st quarter. Spinnaker Trust now owns 26,963 shares of the company’s stock worth $692,000 after acquiring an additional 13,405 shares during the last quarter. NewEdge Advisors LLC purchased a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter worth $1,002,000. Parallel Advisors LLC purchased a new position in iShares iBonds Dec 2031 Term Muni Bond ETF during the 4th quarter worth $405,000. Finally, Atlantic Union Bankshares Corp boosted its holdings in shares of iShares iBonds Dec 2031 Term Muni Bond ETF by 52.7% in the 4th quarter. Atlantic Union Bankshares Corp now owns 31,241 shares of the company’s stock worth $811,000 after buying an additional 10,782 shares during the last quarter.
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.
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