iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) Short Interest Up 137.9% in August

iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 34,603 shares, a growth of 137.9% from the August 15th total of 14,548 shares. Based on an average daily volume of 148,572 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IBCA. Bogart Wealth LLC increased its position in shares of iShares iBonds Dec 2035 Term Corporate ETF by 100.5% during the first quarter. Bogart Wealth LLC now owns 1,153 shares of the company’s stock worth $30,000 after acquiring an additional 578 shares in the last quarter. Ballast Advisors LLC bought a new stake in iShares iBonds Dec 2035 Term Corporate ETF in the 1st quarter valued at $30,000. Arkadios Wealth Advisors acquired a new position in iShares iBonds Dec 2035 Term Corporate ETF in the 1st quarter worth $256,000. Finally, Parallel Advisors LLC boosted its stake in iShares iBonds Dec 2035 Term Corporate ETF by 64.4% in the 1st quarter. Parallel Advisors LLC now owns 29,981 shares of the company’s stock worth $769,000 after purchasing an additional 11,743 shares during the period. Institutional investors and hedge funds own 33.75% of the company’s stock.

iShares iBonds Dec 2035 Term Corporate ETF Stock Performance

NYSEARCA IBCA opened at $24.53 on Monday. The business has a 50 day simple moving average of $25.09 and a 200 day simple moving average of $25.45. iShares iBonds Dec 2035 Term Corporate ETF has a 52-week low of $24.53 and a 52-week high of $26.38. The stock has a market cap of $364.27 million, a price-to-earnings ratio of 30.66 and a beta of 0.13.

iShares iBonds Dec 2035 Term Corporate ETF Company Profile

IBCA provides access to a diversified portfolio of investment-grade corporate bonds that mature between January 1, 2035, and December 15, 2035. The fund combines the defined maturity and regular income distribution characteristics of a bond with the transparency and tradability of a stock.