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

iShares Defense Industrials Active ETF (NASDAQ:IDEF) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 343,010 shares, a decrease of 59.5% from the April 30th total of 847,402 shares. Based on an average trading volume of 498,838 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares Defense Industrials Active ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Vision Retirement LLC bought a new position in iShares Defense Industrials Active ETF during the first quarter valued at about $31,000. AdvisorNet Financial Inc bought a new position in iShares Defense Industrials Active ETF during the first quarter valued at about $51,000. KERR FINANCIAL PLANNING Corp bought a new position in iShares Defense Industrials Active ETF during the first quarter valued at about $126,000. EverSource Wealth Advisors LLC bought a new position in iShares Defense Industrials Active ETF during the first quarter valued at about $239,000. Finally, Arkadios Wealth Advisors bought a new position in iShares Defense Industrials Active ETF during the first quarter valued at about $571,000.

iShares Defense Industrials Active ETF Stock Performance

Shares of NASDAQ IDEF traded down $0.23 during trading on Friday, hitting $34.19. The stock had a trading volume of 1,639,544 shares, compared to its average volume of 1,460,249. iShares Defense Industrials Active ETF has a 12 month low of $25.70 and a 12 month high of $36.88. The firm has a fifty day moving average of $33.53 and a two-hundred day moving average of $33.23.

iShares Defense Industrials Active ETF Company Profile

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.