iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sees Large Increase in Short Interest

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 386,177 shares, a growth of 89.2% from the June 30th total of 204,136 shares. Based on an average daily volume of 536,900 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

iShares iBonds Dec 2031 Term Corporate ETF Stock Performance

Shares of IBDW traded down $0.03 on Friday, reaching $20.62. The company’s stock had a trading volume of 363,801 shares, compared to its average volume of 564,818. The stock’s 50 day simple moving average is $20.75 and its two-hundred day simple moving average is $20.94. iShares iBonds Dec 2031 Term Corporate ETF has a 12-month low of $20.55 and a 12-month high of $21.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ballast Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF in the 1st quarter worth $30,000. Ascentis Independent Advisors purchased a new position in iShares iBonds Dec 2031 Term Corporate ETF during the first quarter valued at $63,000. BOKF NA bought a new stake in iShares iBonds Dec 2031 Term Corporate ETF during the fourth quarter valued at about $69,000. Harbor Investment Advisory LLC grew its holdings in 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 purchasing an additional 2,916 shares during the period. Finally, Bogart Wealth LLC increased its position in iShares iBonds Dec 2031 Term Corporate ETF by 19.9% in the fourth quarter. Bogart Wealth LLC now owns 6,291 shares of the company’s stock worth $133,000 after buying an additional 1,043 shares in the last quarter.

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.