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

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 121,334 shares, an increase of 53.7% from the July 15th total of 78,959 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 217,437 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBDX. Ballast Advisors LLC purchased a new position in shares of iShares iBonds Dec 2032 Term Corporate ETF during the 1st quarter worth $30,000. Bogart Wealth LLC purchased a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the fourth quarter valued at $56,000. Ascentis Independent Advisors purchased a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the first quarter valued at $88,000. Jupiter Wealth Management LLC acquired a new position in iShares iBonds Dec 2032 Term Corporate ETF in the second quarter valued at $130,000. Finally, Trust Co. of Vermont acquired a new position in iShares iBonds Dec 2032 Term Corporate ETF in the second quarter valued at $152,000.

iShares iBonds Dec 2032 Term Corporate ETF Price Performance

Shares of IBDX opened at $24.84 on Tuesday. The company’s 50 day simple moving average is $24.99 and its 200 day simple moving average is $25.23. iShares iBonds Dec 2032 Term Corporate ETF has a 1 year low of $24.77 and a 1 year high of $26.77.

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.