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) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 14,156 shares, a drop of 70.6% from the October 15th total of 48,214 shares. Based on an average daily volume of 297,606 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

iShares iBonds Dec 2035 Term Corporate ETF Stock Down 0.2%

IBCA stock traded down $0.05 during midday trading on Friday, reaching $24.20. 125,320 shares of the company’s stock traded hands, compared to its average volume of 131,413. The company has a market cap of $487.63 million, a price-to-earnings ratio of 30.25 and a beta of 0.13. The firm’s fifty day moving average price is $24.40 and its 200-day moving average price is $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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC raised its holdings in shares of iShares iBonds Dec 2035 Term Corporate ETF by 8.3% in the 3rd quarter. Parallel Advisors LLC now owns 36,977 shares of the company’s stock worth $890,000 after acquiring an additional 2,836 shares during the last quarter. Lyell Wealth Management LP boosted its stake in iShares iBonds Dec 2035 Term Corporate ETF by 105.5% during the 3rd quarter. Lyell Wealth Management LP now owns 86,600 shares of the company’s stock valued at $2,084,000 after purchasing an additional 44,450 shares during the last quarter. Arrow Financial Corp acquired a new position in iShares iBonds Dec 2035 Term Corporate ETF during the 3rd quarter valued at about $14,811,000. Adirondack Trust Co. acquired a new position in iShares iBonds Dec 2035 Term Corporate ETF during the 3rd quarter valued at about $2,314,000. Finally, Ballast Advisors LLC bought a new stake in iShares iBonds Dec 2035 Term Corporate ETF during the 1st quarter worth approximately $30,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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.