iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Short Interest Up 474.4% in June

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 204,136 shares, an increase of 474.4% from the June 15th total of 35,536 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 873,065 shares, the days-to-cover ratio is presently 0.2 days.

iShares iBonds Dec 2031 Term Corporate ETF Price Performance

Shares of NYSEARCA IBDW traded down $0.04 during trading hours on Friday, hitting $20.68. 416,165 shares of the company’s stock were exchanged, compared to its average volume of 574,325. The company’s 50-day moving average price is $20.80 and its 200-day moving average price is $20.99. iShares iBonds Dec 2031 Term Corporate ETF has a 1-year low of $20.64 and a 1-year high of $21.78.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Praetorian Wealth Management Inc. raised its stake in iShares iBonds Dec 2031 Term Corporate ETF by 3.5% during the 2nd quarter. Praetorian Wealth Management Inc. now owns 306,517 shares of the company’s stock valued at $6,388,000 after purchasing an additional 10,273 shares during the last quarter. Harbor Investment Advisory LLC grew its position in iShares iBonds Dec 2031 Term Corporate ETF by 338.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 26,240 shares of the company’s stock worth $547,000 after purchasing an additional 20,259 shares during the last quarter. Sarver Vrooman Wealth Advisors grew its position in iShares iBonds Dec 2031 Term Corporate ETF by 1.2% in the 2nd quarter. Sarver Vrooman Wealth Advisors now owns 2,220,499 shares of the company’s stock worth $46,109,000 after purchasing an additional 26,318 shares during the last quarter. Ballast Advisors LLC acquired a new stake in iShares iBonds Dec 2031 Term Corporate ETF in the 1st quarter worth $30,000. Finally, Farmers National Bank increased its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 1.3% during the 1st quarter. Farmers National Bank now owns 44,655 shares of the company’s stock worth $935,000 after purchasing an additional 590 shares during the period.

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.