Short Interest in iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Rises By 95.3%

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 285,365 shares, a growth of 95.3% from the July 30th total of 146,124 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 472,174 shares, the short-interest ratio is currently 0.6 days.

iShares iBonds Dec 2031 Term Corporate ETF Price Performance

Shares of iShares iBonds Dec 2031 Term Corporate ETF stock traded down $0.09 during midday trading on Friday, reaching $20.57. The company had a trading volume of 386,822 shares, compared to its average volume of 563,047. The stock has a fifty day moving average price of $20.68 and a 200 day moving average price of $20.86. iShares iBonds Dec 2031 Term Corporate ETF has a fifty-two week low of $20.55 and a fifty-two week high of $21.78.

Institutional Trading of iShares iBonds Dec 2031 Term Corporate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ballast Advisors LLC bought a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF during the first quarter valued at approximately $30,000. Ascentis Independent Advisors bought a new stake in iShares iBonds Dec 2031 Term Corporate ETF during the 1st quarter worth approximately $63,000. BOKF NA purchased a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF in the fourth quarter worth approximately $69,000. Harbor Investment Advisory LLC raised its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 95.1% in the first quarter. Harbor Investment Advisory LLC now owns 5,981 shares of the company’s stock worth $125,000 after purchasing an additional 2,916 shares during the last quarter. Finally, Bogart Wealth LLC lifted 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 in the last quarter.

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.