iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) Short Interest Up 137.9% in August

iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 34,603 shares, a growth of 137.9% from the August 15th total of 14,548 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 148,572 shares, the days-to-cover ratio is currently 0.2 days.

iShares iBonds Dec 2035 Term Corporate ETF Price Performance

NYSEARCA IBCA opened at $24.53 on Monday. The firm’s 50 day moving average is $25.09 and its 200-day moving average is $25.45. The company has a market capitalization of $364.27 million, a PE ratio of 30.66 and a beta of 0.13. iShares iBonds Dec 2035 Term Corporate ETF has a 12-month low of $24.53 and a 12-month high of $26.38.

Institutional Investors Weigh In On iShares iBonds Dec 2035 Term Corporate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC lifted its position in iShares iBonds Dec 2035 Term Corporate ETF by 100.5% during the 1st quarter. Bogart Wealth LLC now owns 1,153 shares of the company’s stock worth $30,000 after buying an additional 578 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of iShares iBonds Dec 2035 Term Corporate ETF by 64.4% in the 1st quarter. Parallel Advisors LLC now owns 29,981 shares of the company’s stock valued at $769,000 after acquiring an additional 11,743 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of iShares iBonds Dec 2035 Term Corporate ETF in the 1st quarter valued at about $256,000. Finally, Ballast Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2035 Term Corporate ETF in the first quarter valued at about $30,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

About iShares iBonds Dec 2035 Term Corporate ETF

IBCA provides access to a diversified portfolio of investment-grade corporate bonds that mature between January 1, 2035, and December 15, 2035. The fund combines the defined maturity and regular income distribution characteristics of a bond with the transparency and tradability of a stock.