iShares Defense Industrials Active ETF (NASDAQ:IDEF – Get Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 343,010 shares, a decrease of 59.5% from the April 30th total of 847,402 shares. Based on an average daily volume of 498,838 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are short sold.
Institutional Investors Weigh In On iShares Defense Industrials Active ETF
Several hedge funds have recently added to or reduced their stakes in IDEF. AdvisorNet Financial Inc purchased a new stake in iShares Defense Industrials Active ETF in the first quarter valued at $51,000. Fifth Third Wealth Advisors LLC purchased a new stake in iShares Defense Industrials Active ETF in the first quarter valued at $3,359,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of iShares Defense Industrials Active ETF in the first quarter worth about $126,000. Bank of New York Mellon Corp acquired a new position in shares of iShares Defense Industrials Active ETF in the first quarter worth about $66,560,000. Finally, Beaumont Financial Advisors LLC acquired a new position in shares of iShares Defense Industrials Active ETF in the first quarter worth about $7,485,000.
iShares Defense Industrials Active ETF Stock Down 2.4%
NASDAQ:IDEF opened at $33.36 on Tuesday. iShares Defense Industrials Active ETF has a one year low of $25.88 and a one year high of $36.88. The firm’s fifty day moving average is $33.50 and its two-hundred day moving average is $33.25.
About iShares Defense Industrials Active ETF
BlackRock ETF Trust – iShares Defense Industrials Active ETF is an exchange traded fund launched by BlackRock, Inc It is managed by by BlackRock Fund Advisors. It is co managed by BlackRock International Limited. It invests in public equity markets of global region. The fund invests directly and through derivatives in stocks of companies operating across industrials, capital goods, aerospace and defense, construction and engineering, electrical engineering, industrial conglomerates, commercial and professional services sectors.
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