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

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. Based on an average daily volume of 148,572 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

iShares iBonds Dec 2035 Term Corporate ETF Trading Down 0.1%

Shares of IBCA traded down $0.03 during mid-day trading on Tuesday, hitting $24.50. The company’s stock had a trading volume of 36,759 shares, compared to its average volume of 110,355. iShares iBonds Dec 2035 Term Corporate ETF has a 1-year low of $24.49 and a 1-year high of $26.38. The firm has a market capitalization of $363.88 million, a P/E ratio of 30.63 and a beta of 0.13. The firm has a 50-day simple moving average of $25.07 and a 200 day simple moving average of $25.44.

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

Several institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC lifted its stake in shares of iShares iBonds Dec 2035 Term Corporate ETF by 100.5% in the first quarter. Bogart Wealth LLC now owns 1,153 shares of the company’s stock valued at $30,000 after purchasing an additional 578 shares during the period. Ballast Advisors LLC acquired a new position in iShares iBonds Dec 2035 Term Corporate ETF during the first quarter worth about $30,000. Arkadios Wealth Advisors purchased a new position in iShares iBonds Dec 2035 Term Corporate ETF in the first quarter valued at about $256,000. Finally, Parallel Advisors LLC lifted its position in shares of iShares iBonds Dec 2035 Term Corporate ETF by 64.4% during 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 during the period. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

iShares iBonds Dec 2035 Term Corporate ETF Company Profile

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.