iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sees Large Growth in Short Interest

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 285,365 shares, a growth of 95.3% from the July 30th total of 146,124 shares. Based on an average daily trading volume, of 472,174 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

iShares iBonds Dec 2031 Term Corporate ETF Price Performance

NYSEARCA:IBDW traded down $0.09 during trading hours on Friday, hitting $20.57. 386,822 shares of the company traded hands, compared to its average volume of 563,047. The firm’s 50-day simple moving average is $20.68 and its 200-day simple moving average is $20.86. iShares iBonds Dec 2031 Term Corporate ETF has a one year low of $20.55 and a one year high of $21.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 5.4% during the first quarter. Integrated Wealth Concepts LLC now owns 28,640 shares of the company’s stock worth $594,000 after purchasing an additional 1,465 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares iBonds Dec 2031 Term Corporate ETF by 47.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 143,481 shares of the company’s stock worth $3,019,000 after purchasing an additional 46,291 shares in the last quarter. Ameriprise Financial Inc. increased its stake in iShares iBonds Dec 2031 Term Corporate ETF by 20.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,565,212 shares of the company’s stock valued at $32,846,000 after buying an additional 260,759 shares during the last quarter. NewEdge Advisors LLC increased its stake in iShares iBonds Dec 2031 Term Corporate ETF by 30.1% in the 3rd quarter. NewEdge Advisors LLC now owns 1,136,720 shares of the company’s stock valued at $24,121,000 after buying an additional 262,710 shares during the last quarter. Finally, Peloton Wealth Strategists grew its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 1.0% in the third quarter. Peloton Wealth Strategists now owns 201,350 shares of the company’s stock valued at $4,273,000 after acquiring an additional 2,000 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.