Short Interest in iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) Increases By 102.9%

iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 40,204 shares, a growth of 102.9% from the April 15th total of 19,811 shares. Based on an average trading volume of 67,813 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares iBonds Dec 2035 Term Corporate ETF

An institutional investor recently raised its position in iShares iBonds Dec 2035 Term Corporate ETF stock. Parallel Advisors LLC boosted its holdings in iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) by 64.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,981 shares of the company’s stock after buying an additional 11,743 shares during the quarter. Parallel Advisors LLC owned approximately 0.23% of iShares iBonds Dec 2035 Term Corporate ETF worth $769,000 at the end of the most recent quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

iShares iBonds Dec 2035 Term Corporate ETF Stock Performance

Shares of iShares iBonds Dec 2035 Term Corporate ETF stock traded down $0.19 during trading hours on Friday, reaching $25.35. 50,937 shares of the company were exchanged, compared to its average volume of 118,667. iShares iBonds Dec 2035 Term Corporate ETF has a 1 year low of $24.69 and a 1 year high of $26.72. The stock’s fifty day moving average is $25.67 and its 200 day moving average is $25.89. The firm has a market cap of $330.82 million, a PE ratio of 31.69 and a beta of 0.12.

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.