iShares Defense Industrials Active ETF (NASDAQ:IDEF) Short Interest Up 1,287.8% in May

iShares Defense Industrials Active ETF (NASDAQ:IDEF) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 4,760,168 shares, a growth of 1,287.8% from the May 14th total of 343,010 shares. Approximately 4.5% of the company’s stock are short sold. Based on an average daily volume of 2,101,246 shares, the days-to-cover ratio is currently 2.3 days.

iShares Defense Industrials Active ETF Stock Up 2.6%

Shares of iShares Defense Industrials Active ETF stock traded up $0.82 during trading on Thursday, reaching $32.18. The company’s stock had a trading volume of 129,999 shares, compared to its average volume of 1,409,366. The company has a 50-day simple moving average of $33.36 and a two-hundred day simple moving average of $33.36. iShares Defense Industrials Active ETF has a 1-year low of $26.72 and a 1-year high of $36.88.

Hedge Funds Weigh In On iShares Defense Industrials Active ETF

Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $66,560,000. Beaumont Financial Advisors LLC acquired a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $7,485,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $3,359,000. Cornerstone Planning Group LLC acquired a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $1,844,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of iShares Defense Industrials Active ETF in the 1st quarter valued at $571,000.

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.