iShares Defense Industrials Active ETF (NASDAQ:IDEF) Short Interest Up 1,287.8% in May

iShares Defense Industrials Active ETF (NASDAQ:IDEF) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,760,168 shares, an increase of 1,287.8% from the May 14th total of 343,010 shares. Currently, 4.5% of the company’s shares are sold short. Based on an average daily volume of 2,101,246 shares, the days-to-cover ratio is currently 2.3 days.

iShares Defense Industrials Active ETF Stock Down 0.2%

Shares of IDEF traded down $0.07 during mid-day trading on Tuesday, reaching $31.88. The company had a trading volume of 983,164 shares, compared to its average volume of 1,427,224. The firm has a fifty day simple moving average of $33.36 and a 200-day simple moving average of $33.34. iShares Defense Industrials Active ETF has a fifty-two week low of $26.22 and a fifty-two week high of $36.88.

Hedge Funds Weigh In On iShares Defense Industrials Active ETF

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $66,560,000. Beaumont Financial Advisors LLC purchased a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $7,485,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $3,359,000. Cornerstone Planning Group LLC purchased a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $1,844,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $571,000.

About iShares Defense Industrials Active ETF

BlackRock ETF Trust – iShares Defense Industrials Active ETF is an exchange traded fund launched by BlackRock, Inc It is managed by by BlackRock Fund Advisors. It is co managed by BlackRock International Limited. It invests in public equity markets of global region. The fund invests directly and through derivatives in stocks of companies operating across industrials, capital goods, aerospace and defense, construction and engineering, electrical engineering, industrial conglomerates, commercial and professional services sectors.