iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Short Interest Down 62.9% in May

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 28,630 shares, a decrease of 62.9% from the April 30th total of 77,072 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 38,236 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Muni Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Crews Bank & Trust raised its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 2.3% during the 4th quarter. Crews Bank & Trust now owns 18,125 shares of the company’s stock valued at $461,000 after acquiring an additional 415 shares in the last quarter. Cary Street Partners Financial LLC boosted its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF by 8.6% in the third quarter. Cary Street Partners Financial LLC now owns 8,686 shares of the company’s stock worth $222,000 after purchasing an additional 690 shares during the period. 10Elms LLP increased its stake in iShares iBonds Dec 2029 Term Muni Bond ETF by 3.6% during the third quarter. 10Elms LLP now owns 20,400 shares of the company’s stock valued at $521,000 after purchasing an additional 700 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in iShares iBonds Dec 2029 Term Muni Bond ETF by 4.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 20,497 shares of the company’s stock valued at $521,000 after purchasing an additional 853 shares during the last quarter. Finally, Atlantic Union Bankshares Corp raised its holdings in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 1.7% during the third quarter. Atlantic Union Bankshares Corp now owns 57,087 shares of the company’s stock worth $1,457,000 after purchasing an additional 975 shares during the period.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Performance

iShares iBonds Dec 2029 Term Muni Bond ETF stock opened at $25.37 on Friday. iShares iBonds Dec 2029 Term Muni Bond ETF has a 12 month low of $24.89 and a 12 month high of $25.77. The stock’s 50-day moving average is $25.35 and its 200-day moving average is $25.46.

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.