iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) Shares Shorted: Short Interest Down 70.6% in October

iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) was the recipient of a large decrease in short interest in October. As of October 30th, there was short interest totaling 14,156 shares, a decrease of 70.6% from the October 15th total of 48,214 shares. Based on an average trading volume of 297,606 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBCA. Ballast Advisors LLC purchased a new position in shares of iShares iBonds Dec 2035 Term Corporate ETF in the 1st quarter worth approximately $30,000. Parallel Advisors LLC grew its holdings in shares of iShares iBonds Dec 2035 Term Corporate ETF by 8.3% in the third quarter. Parallel Advisors LLC now owns 36,977 shares of the company’s stock valued at $890,000 after acquiring an additional 2,836 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of iShares iBonds Dec 2035 Term Corporate ETF in the first quarter valued at approximately $256,000. Lyell Wealth Management LP increased its position in shares of iShares iBonds Dec 2035 Term Corporate ETF by 105.5% during the third quarter. Lyell Wealth Management LP now owns 86,600 shares of the company’s stock valued at $2,084,000 after acquiring an additional 44,450 shares during the last quarter. Finally, Adirondack Trust Co. purchased a new stake in shares of iShares iBonds Dec 2035 Term Corporate ETF during the third quarter valued at approximately $2,314,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

iShares iBonds Dec 2035 Term Corporate ETF Trading Down 0.2%

Shares of IBCA traded down $0.05 during trading hours on Friday, reaching $24.20. 125,320 shares of the stock traded hands, compared to its average volume of 131,413. The stock has a fifty day simple moving average of $24.40 and a 200 day simple moving average of $25.27. iShares iBonds Dec 2035 Term Corporate ETF has a 52 week low of $23.86 and a 52 week high of $26.30. The company has a market cap of $487.63 million, a price-to-earnings ratio of 30.25 and a beta of 0.13.

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.