iShares Defense Industrials Active ETF (NASDAQ:IDEF) Sees Large Drop in Short Interest

iShares Defense Industrials Active ETF (NASDAQ:IDEF) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 104,455 shares, a decline of 78.0% from the August 15th total of 474,921 shares. Based on an average daily trading volume, of 389,769 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

iShares Defense Industrials Active ETF Trading Down 0.9%

Shares of IDEF stock opened at $31.44 on Friday. iShares Defense Industrials Active ETF has a 52-week low of $28.54 and a 52-week high of $36.88. The stock has a fifty day simple moving average of $32.97 and a two-hundred day simple moving average of $33.37.

Hedge Funds Weigh In On iShares Defense Industrials Active ETF

A number of hedge funds have recently made changes to their positions in the business. Vision Retirement LLC bought a new stake in iShares Defense Industrials Active ETF during the 1st quarter valued at approximately $31,000. Atlatl Advisers LLC grew its holdings in iShares Defense Industrials Active ETF by 18.6% during the 2nd quarter. Atlatl Advisers LLC now owns 7,528 shares of the company’s stock valued at $239,000 after buying an additional 1,178 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in iShares Defense Industrials Active ETF during the 1st quarter valued at approximately $51,000. NBH Bank bought a new stake in shares of iShares Defense Industrials Active ETF during the second quarter valued at approximately $57,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of iShares Defense Industrials Active ETF during the first quarter valued at approximately $126,000.

About iShares Defense Industrials Active ETF

BlackRock ETF Trust – iShares Defense Industrials Active ETF is an exchange traded fund launched by BlackRock, Inc It is managed by by BlackRock Fund Advisors. It is co managed by BlackRock International Limited. It invests in public equity markets of global region. The fund invests directly and through derivatives in stocks of companies operating across industrials, capital goods, aerospace and defense, construction and engineering, electrical engineering, industrial conglomerates, commercial and professional services sectors.