iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Short Interest Down 86.9% in June

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 35,536 shares, a decline of 86.9% from the May 31st total of 271,119 shares. Based on an average daily trading volume, of 574,116 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

iShares iBonds Dec 2031 Term Corporate ETF Stock Up 0.1%

Shares of IBDW traded up $0.03 during mid-day trading on Friday, hitting $20.88. The company’s stock had a trading volume of 515,762 shares, compared to its average volume of 567,033. The stock’s 50-day moving average is $20.85 and its two-hundred day moving average is $21.02. iShares iBonds Dec 2031 Term Corporate ETF has a one year low of $20.64 and a one year high of $21.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ballast Advisors LLC bought a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF in the first quarter valued at about $30,000. Ascentis Independent Advisors bought a new position in iShares iBonds Dec 2031 Term Corporate ETF during the first quarter valued at about $63,000. BOKF NA acquired a new position in iShares iBonds Dec 2031 Term Corporate ETF in the 4th quarter valued at approximately $69,000. Harbor Investment Advisory LLC raised its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 95.1% in the 1st 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. Finally, Bogart Wealth LLC lifted its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 19.9% in the 4th quarter. Bogart Wealth LLC now owns 6,291 shares of the company’s stock worth $133,000 after acquiring an additional 1,043 shares during the period.

About iShares iBonds Dec 2031 Term Corporate ETF

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.