iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Short Interest Up 27.8% in December

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 292,801 shares, a growth of 27.8% from the December 15th total of 229,135 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 627,408 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 627,408 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the company’s shares are sold short.

iShares iBonds Dec 2032 Term Corporate ETF Stock Performance

Shares of iShares iBonds Dec 2032 Term Corporate ETF stock traded down $0.03 during mid-day trading on Friday, hitting $25.52. The stock had a trading volume of 286,709 shares, compared to its average volume of 343,774. The firm has a 50-day moving average of $25.56 and a two-hundred day moving average of $25.49. iShares iBonds Dec 2032 Term Corporate ETF has a 12-month low of $24.05 and a 12-month high of $26.77.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBDX. CNB Bank acquired a new position in shares of iShares iBonds Dec 2032 Term Corporate ETF in the 3rd quarter valued at $66,000. Crews Bank & Trust purchased a new stake in iShares iBonds Dec 2032 Term Corporate ETF in the 3rd quarter valued at about $77,000. Jupiter Wealth Management LLC purchased a new stake in iShares iBonds Dec 2032 Term Corporate ETF in the 2nd quarter valued at about $130,000. Bank of New Hampshire lifted its position in iShares iBonds Dec 2032 Term Corporate ETF by 12.8% in the third quarter. Bank of New Hampshire now owns 7,930 shares of the company’s stock valued at $203,000 after buying an additional 900 shares during the last quarter. Finally, Newman Dignan & Sheerar Inc. purchased a new position in iShares iBonds Dec 2032 Term Corporate ETF during the third quarter worth about $217,000.

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.