iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) Sees Large Decline in Short Interest

iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 51,862 shares, a drop of 38.0% from the June 15th total of 83,581 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 69,597 shares, the days-to-cover ratio is presently 0.7 days.

iShares iBonds Dec 2035 Term Corporate ETF Price Performance

Shares of NYSEARCA IBCA opened at $25.34 on Friday. The firm has a 50-day moving average price of $25.49 and a 200 day moving average price of $25.73. iShares iBonds Dec 2035 Term Corporate ETF has a 52 week low of $25.15 and a 52 week high of $26.72. The stock has a market capitalization of $368.70 million, a price-to-earnings ratio of 31.67 and a beta of 0.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC increased its holdings in iShares iBonds Dec 2035 Term Corporate ETF by 100.5% during the 1st quarter. Bogart Wealth LLC now owns 1,153 shares of the company’s stock valued at $30,000 after acquiring an additional 578 shares in the last quarter. Parallel Advisors LLC raised its holdings in iShares iBonds Dec 2035 Term Corporate ETF by 64.4% in the 1st quarter. Parallel Advisors LLC now owns 29,981 shares of the company’s stock valued at $769,000 after acquiring an additional 11,743 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of iShares iBonds Dec 2035 Term Corporate ETF in the first quarter worth approximately $256,000. Finally, Ballast Advisors LLC purchased a new stake in iShares iBonds Dec 2035 Term Corporate ETF in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

About iShares iBonds Dec 2035 Term Corporate ETF

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.