iShares Defense Industrials Active ETF (NASDAQ:IDEF) Short Interest Up 1,287.8% in May

iShares Defense Industrials Active ETF (NASDAQ:IDEF) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,760,168 shares, an increase of 1,287.8% from the May 14th total of 343,010 shares. Based on an average trading volume of 2,101,246 shares, the days-to-cover ratio is presently 2.3 days. Currently, 4.5% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Defense Industrials Active ETF

A number of hedge funds have recently made changes to their positions in IDEF. Bank of New York Mellon Corp acquired a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $66,560,000. Beaumont Financial Advisors LLC acquired a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $7,485,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $3,359,000. Cornerstone Planning Group LLC acquired a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $1,844,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $571,000.

iShares Defense Industrials Active ETF Stock Down 0.2%

NASDAQ IDEF traded down $0.07 during mid-day trading on Tuesday, reaching $31.88. 983,164 shares of the stock were exchanged, compared to its average volume of 1,427,224. iShares Defense Industrials Active ETF has a 1-year low of $26.22 and a 1-year high of $36.88. The business’s fifty day simple moving average is $33.36 and its 200 day simple moving average is $33.34.

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.