iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 87,533 shares, a growth of 473.3% from the June 30th total of 15,267 shares. Based on an average trading volume of 66,667 shares, the short-interest ratio is currently 1.3 days. Approximately 0.4% of the shares of the stock are short sold.
iShares iBonds Dec 2027 Term Muni Bond ETF Stock Performance
Shares of IBMP stock opened at $25.39 on Friday. iShares iBonds Dec 2027 Term Muni Bond ETF has a 12-month low of $25.29 and a 12-month high of $25.57. The business’s 50 day moving average is $25.39 and its two-hundred day moving average is $25.42.
Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Muni Bond ETF
A number of large investors have recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC increased its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 113.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 8,450 shares of the company’s stock worth $215,000 after purchasing an additional 4,500 shares in the last quarter. Eldridge Investment Advisors Inc. acquired a new position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF during the fourth quarter valued at approximately $328,000. PNC Financial Services Group Inc. lifted its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 100.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 19,729 shares of the company’s stock valued at $501,000 after acquiring an additional 9,880 shares in the last quarter. 10Elms LLP boosted its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 3.2% in the fourth quarter. 10Elms LLP now owns 22,694 shares of the company’s stock worth $576,000 after acquiring an additional 700 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 12.7% during the fourth quarter. Captrust Financial Advisors now owns 24,522 shares of the company’s stock worth $623,000 after purchasing an additional 2,758 shares in the last quarter.
iShares iBonds Dec 2027 Term Muni Bond ETF Company Profile
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.
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