iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Stock Short Interest Falls 53.8%

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 124,061 shares, a decrease of 53.8% from the September 30th total of 268,487 shares. Based on an average daily volume of 172,028 shares, the short-interest ratio is currently 0.7 days. Approximately 1.2% of the shares of the company are short sold.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Up 0.1%

IBMR opened at $25.19 on Friday. The business’s 50 day moving average is $25.01 and its 200-day moving average is $25.31. iShares iBonds Dec 2029 Term Muni Bond ETF has a twelve month low of $24.60 and a twelve month high of $25.77.

Institutional Trading of iShares iBonds Dec 2029 Term Muni Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Confluence Investment Management LLC grew its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 0.9% during the second quarter. Confluence Investment Management LLC now owns 87,480 shares of the company’s stock valued at $2,221,000 after purchasing an additional 771 shares in the last quarter. United Community Bank purchased a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF in the 2nd quarter worth approximately $38,000. Hughes Financial Services LLC boosted its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 384.0% during the 3rd quarter. Hughes Financial Services LLC now owns 3,485 shares of the company’s stock valued at $88,000 after buying an additional 2,765 shares during the period. Parallel Advisors LLC boosted its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 18.5% during the 1st quarter. Parallel Advisors LLC now owns 27,435 shares of the company’s stock valued at $695,000 after buying an additional 4,274 shares during the period. Finally, Praetorian Wealth Management Inc. boosted its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 1.8% during the 2nd quarter. Praetorian Wealth Management Inc. now owns 253,195 shares of the company’s stock valued at $6,429,000 after buying an additional 4,388 shares during the period.

iShares iBonds Dec 2029 Term Muni Bond ETF Company Profile

The iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) 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 2029. IBMR was launched on May 9, 2023 and is managed by BlackRock.