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

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 229,135 shares, a growth of 105.1% from the November 30th total of 111,714 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 385,756 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 385,756 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are sold short.

iShares iBonds Dec 2032 Term Corporate ETF Trading Up 0.0%

IBDX stock traded up $0.01 during mid-day trading on Monday, hitting $25.58. 147,977 shares of the company were exchanged, compared to its average volume of 236,386. iShares iBonds Dec 2032 Term Corporate ETF has a 12-month low of $24.05 and a 12-month high of $26.77. The business has a fifty day simple moving average of $25.59 and a 200-day simple moving average of $25.44.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

Several institutional investors and hedge funds have recently modified their holdings of IBDX. Ameriprise Financial Inc. increased its stake in iShares iBonds Dec 2032 Term Corporate ETF by 111.2% during the third quarter. Ameriprise Financial Inc. now owns 1,707,594 shares of the company’s stock worth $43,762,000 after purchasing an additional 899,251 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in iShares iBonds Dec 2032 Term Corporate ETF during the 2nd quarter worth approximately $5,561,000. NewEdge Advisors LLC increased its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 375.3% during the first quarter. NewEdge Advisors LLC now owns 167,816 shares of the company’s stock worth $4,194,000 after acquiring an additional 132,506 shares during the period. JPMorgan Chase & Co. purchased a new position in iShares iBonds Dec 2032 Term Corporate ETF in the third quarter valued at $1,283,000. Finally, Lbmc Investment Advisors LLC purchased a new stake in iShares iBonds Dec 2032 Term Corporate ETF during the 2nd quarter worth about $1,100,000.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

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.