Short Interest in iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) Decreases By 70.1%

iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 14,548 shares, a drop of 70.1% from the July 30th total of 48,658 shares. Based on an average trading volume of 139,803 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

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

A number of large investors have recently made changes to their positions in IBCA. Ballast Advisors LLC acquired a new position in iShares iBonds Dec 2035 Term Corporate ETF in the 1st quarter worth approximately $30,000. Parallel Advisors LLC raised its stake in 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 purchasing an additional 11,743 shares during the period. Arkadios Wealth Advisors purchased a new stake in shares of iShares iBonds Dec 2035 Term Corporate ETF in the first quarter valued at $256,000. Finally, Bogart Wealth LLC lifted its holdings 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 in the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

iShares iBonds Dec 2035 Term Corporate ETF Price Performance

IBCA remained flat at $25.16 during trading on Thursday. The company’s stock had a trading volume of 15,685 shares, compared to its average volume of 110,539. The stock has a market cap of $373.63 million, a price-to-earnings ratio of 31.45 and a beta of 0.13. iShares iBonds Dec 2035 Term Corporate ETF has a 12-month low of $24.93 and a 12-month high of $26.38. The stock has a fifty day simple moving average of $25.27 and a 200 day simple moving average of $25.56.

About iShares iBonds Dec 2035 Term Corporate ETF

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.