iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Short Interest Down 44.9% in December

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 134,644 shares, a decline of 44.9% from the December 15th total of 244,521 shares. Based on an average daily volume of 610,711 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 610,711 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its position in iShares iBonds Dec 2031 Term Corporate ETF by 32.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,076,772 shares of the company’s stock valued at $44,108,000 after acquiring an additional 511,560 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF during the second quarter valued at $5,914,000. NewEdge Advisors LLC raised its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 30.1% during the third quarter. NewEdge Advisors LLC now owns 1,136,720 shares of the company’s stock valued at $24,121,000 after purchasing an additional 262,710 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares iBonds Dec 2031 Term Corporate ETF by 122.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 319,029 shares of the company’s stock valued at $6,770,000 after buying an additional 175,548 shares in the last quarter. Finally, Lbmc Investment Advisors LLC acquired a new position in iShares iBonds Dec 2031 Term Corporate ETF during the 2nd quarter valued at about $1,719,000.

iShares iBonds Dec 2031 Term Corporate ETF Stock Performance

Shares of IBDW traded down $0.02 during midday trading on Friday, hitting $21.15. 347,313 shares of the stock traded hands, compared to its average volume of 581,865. The business’s 50 day moving average price is $21.17 and its two-hundred day moving average price is $21.13. iShares iBonds Dec 2031 Term Corporate ETF has a 1-year low of $20.08 and a 1-year high of $21.78.

iShares iBonds Dec 2031 Term Corporate ETF Company Profile

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.