iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sees Large Growth in Short Interest

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 121,334 shares, an increase of 53.7% from the July 15th total of 78,959 shares. Based on an average daily volume of 217,437 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

Several hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont bought a new position in shares of iShares iBonds Dec 2032 Term Corporate ETF in the second quarter worth $152,000. Praetorian Wealth Management Inc. boosted its stake in iShares iBonds Dec 2032 Term Corporate ETF by 24.3% during the second quarter. Praetorian Wealth Management Inc. now owns 197,602 shares of the company’s stock valued at $4,978,000 after buying an additional 38,612 shares during the period. Ballast Advisors LLC bought a new stake in iShares iBonds Dec 2032 Term Corporate ETF during the first quarter valued at $30,000. Farmers National Bank grew its position in iShares iBonds Dec 2032 Term Corporate ETF by 5.0% during the first quarter. Farmers National Bank now owns 33,584 shares of the company’s stock worth $849,000 after buying an additional 1,603 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in iShares iBonds Dec 2032 Term Corporate ETF by 1.0% during the first quarter. Parallel Advisors LLC now owns 244,230 shares of the company’s stock worth $6,172,000 after buying an additional 2,429 shares in the last quarter.

iShares iBonds Dec 2032 Term Corporate ETF Stock Up 0.2%

IBDX stock opened at $24.91 on Wednesday. iShares iBonds Dec 2032 Term Corporate ETF has a twelve month low of $24.77 and a twelve month high of $26.77. The stock has a 50-day simple moving average of $24.99 and a two-hundred day simple moving average of $25.22.

About iShares iBonds Dec 2032 Term Corporate ETF

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index of USD-denominated, investment grade corporate bonds maturing between January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.