Short Interest in iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Grows By 882.6%

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 153,397 shares, an increase of 882.6% from the June 15th total of 15,611 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 248,395 shares, the days-to-cover ratio is presently 0.6 days.

iShares iBonds Dec 2032 Term Corporate ETF Stock Performance

NYSEARCA:IBDX opened at $24.97 on Friday. The stock’s fifty day moving average is $25.11 and its two-hundred day moving average is $25.35. iShares iBonds Dec 2032 Term Corporate ETF has a 52 week low of $24.89 and a 52 week high of $26.77.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in iShares iBonds Dec 2032 Term Corporate ETF during the 3rd quarter worth about $1,283,000. Confluence Investment Management LLC purchased a new position in iShares iBonds Dec 2032 Term Corporate ETF during the 4th quarter valued at about $7,611,000. Praetorian Wealth Management Inc. acquired a new position in iShares iBonds Dec 2032 Term Corporate ETF in the 4th quarter valued at about $2,205,000. Atlantic Union Bankshares Corp grew its position in iShares iBonds Dec 2032 Term Corporate ETF by 36.8% in the 4th quarter. Atlantic Union Bankshares Corp now owns 315,958 shares of the company’s stock valued at $8,066,000 after acquiring an additional 85,012 shares in the last quarter. Finally, Peloton Wealth Strategists increased its stake in iShares iBonds Dec 2032 Term Corporate ETF by 68.8% during the fourth quarter. Peloton Wealth Strategists now owns 94,500 shares of the company’s stock worth $2,413,000 after purchasing an additional 38,500 shares during the period.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

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.