iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Stock Short Interest Climbs 154.9%

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 368,488 shares, a growth of 154.9% from the August 31st total of 144,588 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 672,626 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ballast Advisors LLC bought a new position in iShares iBonds Dec 2031 Term Corporate ETF in the 1st quarter worth about $30,000. Ascentis Independent Advisors bought a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF during the first quarter valued at approximately $63,000. Harbor Investment Advisory LLC raised its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 95.1% during the first quarter. Harbor Investment Advisory LLC now owns 5,981 shares of the company’s stock valued at $125,000 after acquiring an additional 2,916 shares in the last quarter. Bogart Wealth LLC boosted its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 48.6% in the first quarter. Bogart Wealth LLC now owns 9,346 shares of the company’s stock valued at $196,000 after purchasing an additional 3,055 shares during the period. Finally, Dearborn Partners LLC purchased a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF in the fourth quarter valued at approximately $206,000.

iShares iBonds Dec 2031 Term Corporate ETF Stock Down 0.3%

Shares of NYSEARCA:IBDW traded down $0.07 during trading hours on Monday, hitting $20.06. 426,866 shares of the company’s stock traded hands, compared to its average volume of 574,440. The business has a fifty day moving average price of $20.51 and a 200-day moving average price of $20.73. iShares iBonds Dec 2031 Term Corporate ETF has a 1 year low of $20.02 and a 1 year high of $21.46.

iShares iBonds Dec 2031 Term Corporate ETF Company Profile

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.