iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Short Interest Up 693.7% in April
by Doug Wharley · The Cerbat GemiShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP – Get Free Report) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 44,477 shares, a growth of 693.7% from the April 15th total of 5,604 shares. Based on an average trading volume of 70,106 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.
iShares iBonds Dec 2027 Term Muni Bond ETF Price Performance
Shares of IBMP stock traded up $0.04 during mid-day trading on Wednesday, reaching $25.36. The stock had a trading volume of 38,455 shares, compared to its average volume of 82,363. The firm’s 50 day simple moving average is $25.41 and its 200 day simple moving average is $25.42. iShares iBonds Dec 2027 Term Muni Bond ETF has a one year low of $25.05 and a one year high of $25.57.
Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Muni Bond ETF
Hedge funds have recently modified their holdings of the stock. Praetorian Wealth Management Inc. raised its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 8.5% in the 4th quarter. Praetorian Wealth Management Inc. now owns 260,139 shares of the company’s stock worth $6,605,000 after buying an additional 20,293 shares in the last quarter. Godshalk Welsh Capital Management Inc. raised its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 12.4% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 36,300 shares of the company’s stock worth $922,000 after buying an additional 4,000 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 12.7% in the 4th quarter. Captrust Financial Advisors now owns 24,522 shares of the company’s stock worth $623,000 after buying an additional 2,758 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,226 shares of the company’s stock worth $515,000 after buying an additional 497 shares in the last quarter. Finally, O Domhnaill Enterprises Inc. acquired a new position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF in the 1st quarter worth approximately $1,126,000.
About iShares iBonds Dec 2027 Term Muni Bond ETF
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.