iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Short Interest Up 141.7% in May

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 227,656 shares, an increase of 141.7% from the May 14th total of 94,190 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 251,774 shares, the days-to-cover ratio is presently 0.9 days.

iShares iBonds Dec 2032 Term Corporate ETF Price Performance

IBDX stock traded down $0.02 during trading on Friday, reaching $25.12. 484,243 shares of the company were exchanged, compared to its average volume of 280,800. The company has a 50-day moving average of $25.21 and a two-hundred day moving average of $25.42. iShares iBonds Dec 2032 Term Corporate ETF has a twelve month low of $24.85 and a twelve month high of $26.77.

Institutional Trading of iShares iBonds Dec 2032 Term Corporate ETF

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF during the third quarter valued at about $1,283,000. Confluence Investment Management LLC acquired a new position in iShares iBonds Dec 2032 Term Corporate ETF in the 4th quarter valued at approximately $7,611,000. Praetorian Wealth Management Inc. acquired a new position in iShares iBonds Dec 2032 Term Corporate ETF in the 4th quarter valued at approximately $2,205,000. Atlantic Union Bankshares Corp increased its position in iShares iBonds Dec 2032 Term Corporate ETF by 36.8% in the 4th quarter. Atlantic Union Bankshares Corp now owns 315,958 shares of the company’s stock valued at $8,066,000 after acquiring an additional 85,012 shares during the period. Finally, Lyell Wealth Management LP increased its position in iShares iBonds Dec 2032 Term Corporate ETF by 12.6% in the 4th quarter. Lyell Wealth Management LP now owns 260,065 shares of the company’s stock valued at $6,639,000 after acquiring an additional 29,140 shares during the period.

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.