iShares Defense Industrials Active ETF (NASDAQ:IDEF) Sees Large Increase in Short Interest

iShares Defense Industrials Active ETF (NASDAQ:IDEF) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 189,902 shares, an increase of 81.8% from the August 31st total of 104,455 shares. Based on an average daily trading volume, of 500,137 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

iShares Defense Industrials Active ETF Stock Performance

IDEF stock traded up $0.01 during trading on Thursday, hitting $31.24. The company had a trading volume of 131,326 shares, compared to its average volume of 1,253,270. The firm has a 50-day moving average price of $32.92 and a 200-day moving average price of $32.96. iShares Defense Industrials Active ETF has a 1-year low of $28.54 and a 1-year high of $36.88.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IDEF. Bank of New York Mellon Corp acquired a new stake in shares of iShares Defense Industrials Active ETF during the first quarter worth $66,560,000. Beaumont Financial Advisors LLC purchased a new position in iShares Defense Industrials Active ETF during the 1st quarter worth $7,485,000. Tsfg LLC acquired a new stake in shares of iShares Defense Industrials Active ETF in the 2nd quarter worth $3,656,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of iShares Defense Industrials Active ETF in the first quarter valued at about $3,359,000. Finally, Cornerstone Planning Group LLC purchased a new stake in shares of iShares Defense Industrials Active ETF in the first quarter valued at about $1,844,000.

iShares Defense Industrials Active ETF Company Profile

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.