iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sees Significant Decline in Short Interest

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 15,611 shares, a drop of 93.1% from the May 31st total of 227,656 shares. Based on an average daily volume of 285,219 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

iShares iBonds Dec 2032 Term Corporate ETF Stock Up 0.2%

Shares of NYSEARCA:IBDX traded up $0.04 during midday trading on Thursday, reaching $25.20. The company had a trading volume of 617,366 shares, compared to its average volume of 279,223. The stock’s fifty day moving average price is $25.18 and its 200-day moving average price is $25.38. iShares iBonds Dec 2032 Term Corporate ETF has a one year low of $24.89 and a one year high of $26.77.

Institutional Trading of iShares iBonds Dec 2032 Term Corporate ETF

A number of institutional investors and hedge funds have recently modified their holdings of IBDX. Integrated Wealth Concepts LLC lifted its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 7.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 16,732 shares of the company’s stock worth $418,000 after purchasing an additional 1,214 shares during the last quarter. Jupiter Wealth Management LLC acquired a new stake in iShares iBonds Dec 2032 Term Corporate ETF in the second quarter worth about $130,000. Ameriprise Financial Inc. boosted its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 26.9% in the second quarter. Ameriprise Financial Inc. now owns 808,343 shares of the company’s stock valued at $20,243,000 after acquiring an additional 171,517 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of iShares iBonds Dec 2032 Term Corporate ETF during the third quarter valued at approximately $1,283,000. Finally, 10Elms LLP raised its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 102.2% during the third quarter. 10Elms LLP now owns 13,850 shares of the company’s stock worth $355,000 after purchasing an additional 7,000 shares in the last quarter.

About iShares iBonds Dec 2032 Term Corporate ETF

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.