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

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 217,650 shares, a decline of 40.9% from the September 15th total of 368,488 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 831,392 shares, the days-to-cover ratio is currently 0.3 days.

iShares iBonds Dec 2031 Term Corporate ETF Stock Performance

Shares of iShares iBonds Dec 2031 Term Corporate ETF stock traded up $0.02 on Friday, hitting $20.18. The company had a trading volume of 582,384 shares, compared to its average volume of 614,090. The stock has a 50 day moving average of $20.34 and a 200-day moving average of $20.64. iShares iBonds Dec 2031 Term Corporate ETF has a 1 year low of $19.93 and a 1 year high of $21.44.

Institutional Trading of iShares iBonds Dec 2031 Term Corporate ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Praetorian Wealth Management Inc. purchased a new position in iShares iBonds Dec 2031 Term Corporate ETF in the 3rd quarter valued at approximately $6,486,000. Bullock Wealth Management Group bought a new stake in iShares iBonds Dec 2031 Term Corporate ETF during the 3rd quarter valued at $1,505,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF during the third quarter worth $412,000. Bank of New Hampshire purchased a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF during the third quarter worth $1,213,000. Finally, RVW Wealth LLC purchased a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF during the third quarter worth $332,000.

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.