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

iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 14,548 shares, a decline of 70.1% from the July 30th total of 48,658 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 139,803 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Ballast Advisors LLC acquired a new position in shares of iShares iBonds Dec 2035 Term Corporate ETF during the first quarter valued at $30,000. Parallel Advisors LLC lifted its holdings in iShares iBonds Dec 2035 Term Corporate ETF by 64.4% in the first quarter. Parallel Advisors LLC now owns 29,981 shares of the company’s stock worth $769,000 after purchasing an additional 11,743 shares during the period. Arkadios Wealth Advisors bought a new position in iShares iBonds Dec 2035 Term Corporate ETF in the 1st quarter valued at about $256,000. Finally, Bogart Wealth LLC grew its position in iShares iBonds Dec 2035 Term Corporate ETF by 100.5% in the 1st quarter. Bogart Wealth LLC now owns 1,153 shares of the company’s stock valued at $30,000 after buying an additional 578 shares in the last quarter. Institutional investors own 33.75% of the company’s stock.

iShares iBonds Dec 2035 Term Corporate ETF Stock Performance

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

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.