iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) Short Interest Down 38.0% in June

iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 51,862 shares, a decline of 38.0% from the June 15th total of 83,581 shares. Based on an average trading volume of 69,597 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of iShares iBonds Dec 2035 Term Corporate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ballast Advisors LLC acquired a new position in shares of iShares iBonds Dec 2035 Term Corporate ETF in the 1st quarter valued at approximately $30,000. Bogart Wealth LLC raised its stake in 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 valued at $30,000 after buying an additional 578 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in iShares iBonds Dec 2035 Term Corporate ETF in the first quarter worth $256,000. Finally, Parallel Advisors LLC increased its stake in iShares iBonds Dec 2035 Term Corporate ETF by 64.4% during the first quarter. Parallel Advisors LLC now owns 29,981 shares of the company’s stock valued at $769,000 after purchasing an additional 11,743 shares during the last quarter. 33.75% of the stock is owned by hedge funds and other institutional investors.

iShares iBonds Dec 2035 Term Corporate ETF Price Performance

Shares of IBCA stock opened at $25.34 on Friday. The firm’s 50 day moving average price is $25.49 and its two-hundred day moving average price is $25.73. iShares iBonds Dec 2035 Term Corporate ETF has a fifty-two week low of $25.15 and a fifty-two week high of $26.72. The stock has a market cap of $368.70 million, a price-to-earnings ratio of 31.67 and a beta of 0.11.

About iShares iBonds Dec 2035 Term Corporate ETF

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.