iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) Sees Large Increase in Short Interest

iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,186 shares, an increase of 1,081.6% from the August 15th total of 185 shares. Based on an average daily volume of 17,896 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

iShares Core 5-10 Year USD Bond ETF Trading Up 0.2%

NYSEARCA:IMTB traded up $0.09 on Friday, hitting $42.29. The stock had a trading volume of 1,095 shares, compared to its average volume of 28,454. iShares Core 5-10 Year USD Bond ETF has a 1 year low of $41.92 and a 1 year high of $44.83. The firm’s fifty day simple moving average is $43.02 and its two-hundred day simple moving average is $43.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IMTB. Royal Bank of Canada increased its position in shares of iShares Core 5-10 Year USD Bond ETF by 119.7% during the 1st quarter. Royal Bank of Canada now owns 50,156 shares of the company’s stock valued at $2,177,000 after purchasing an additional 27,330 shares during the last quarter. Jane Street Group LLC increased its holdings in iShares Core 5-10 Year USD Bond ETF by 59.4% during the first quarter. Jane Street Group LLC now owns 31,604 shares of the company’s stock worth $1,372,000 after buying an additional 11,774 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in iShares Core 5-10 Year USD Bond ETF by 27.8% during the second quarter. JPMorgan Chase & Co. now owns 85,187 shares of the company’s stock worth $3,717,000 after buying an additional 18,539 shares during the last quarter. Raymond James Financial Inc. raised its position in iShares Core 5-10 Year USD Bond ETF by 80.1% in the second quarter. Raymond James Financial Inc. now owns 40,155 shares of the company’s stock worth $1,752,000 after acquiring an additional 17,864 shares during the period. Finally, Bank of America Corp DE boosted its stake in iShares Core 5-10 Year USD Bond ETF by 3.9% in the second quarter. Bank of America Corp DE now owns 283,154 shares of the company’s stock valued at $12,354,000 after acquiring an additional 10,696 shares during the last quarter.

About iShares Core 5-10 Year USD Bond ETF

The iShares Core 5-10 Year USD Bond ETF (IMTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted, USD-denominated broad bond index with maturities between five and ten years. Eligible sectors include US Treasurys, global government-related bonds, global investment-grade and high yield corporate bonds, and emerging market bonds. IMTB was launched on Nov 1, 2016 and is managed by BlackRock.