Short Interest in iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Drops By 62.2%

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 146,124 shares, a drop of 62.2% from the July 15th total of 386,177 shares. Based on an average daily volume of 490,158 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

iShares iBonds Dec 2031 Term Corporate ETF Trading Up 0.2%

Shares of IBDW opened at $20.67 on Friday. The stock has a fifty day moving average price of $20.71 and a two-hundred day moving average price of $20.90. iShares iBonds Dec 2031 Term Corporate ETF has a 52-week low of $20.55 and a 52-week high of $21.78.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBDW. Ballast Advisors LLC acquired a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF during the first quarter worth approximately $30,000. Ascentis Independent Advisors acquired a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF in the first quarter valued at approximately $63,000. BOKF NA bought a new position in iShares iBonds Dec 2031 Term Corporate ETF in the 4th quarter worth approximately $69,000. Harbor Investment Advisory LLC raised its position in iShares iBonds Dec 2031 Term Corporate ETF by 95.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 5,981 shares of the company’s stock worth $125,000 after purchasing an additional 2,916 shares during the last quarter. Finally, Bogart Wealth LLC lifted its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 19.9% during the 4th quarter. Bogart Wealth LLC now owns 6,291 shares of the company’s stock worth $133,000 after buying an additional 1,043 shares in the last quarter.

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.