iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Stock Short Interest Falls 58.4%

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 96,317 shares, a decrease of 58.4% from the September 30th total of 231,506 shares. Based on an average daily volume of 498,566 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Arrow Financial Corp purchased a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the third quarter worth approximately $15,062,000. Janney Montgomery Scott LLC boosted its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 396,703 shares of the company’s stock worth $10,025,000 after purchasing an additional 26,580 shares during the period. Lyell Wealth Management LP purchased a new position in iShares iBonds Dec 2032 Term Corporate ETF during the third quarter valued at approximately $6,768,000. Parallel Advisors LLC grew its position in iShares iBonds Dec 2032 Term Corporate ETF by 1.0% during the first quarter. Parallel Advisors LLC now owns 244,230 shares of the company’s stock valued at $6,172,000 after purchasing an additional 2,429 shares in the last quarter. Finally, Praetorian Wealth Management Inc. acquired a new position in iShares iBonds Dec 2032 Term Corporate ETF in the 3rd quarter valued at approximately $5,263,000.

iShares iBonds Dec 2032 Term Corporate ETF Trading Up 0.2%

IBDX traded up $0.06 during trading on Friday, reaching $24.42. The company had a trading volume of 374,882 shares, compared to its average volume of 298,099. The firm’s 50-day simple moving average is $24.35 and its 200 day simple moving average is $25.02. iShares iBonds Dec 2032 Term Corporate ETF has a 12-month low of $23.90 and a 12-month high of $25.87.

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.