iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Stock Short Interest Drops 40.9%

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 217,650 shares, a drop of 40.9% from the September 15th total of 368,488 shares. Based on an average trading volume of 831,392 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

iShares iBonds Dec 2031 Term Corporate ETF Price Performance

IBDW stock traded up $0.02 during trading on Friday, reaching $20.18. 582,384 shares of the stock were exchanged, compared to its average volume of 614,090. The business has a 50 day moving average price of $20.35 and a 200-day moving average price of $20.65. iShares iBonds Dec 2031 Term Corporate ETF has a 1 year low of $19.93 and a 1 year high of $21.44.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

A number of hedge funds have recently made changes to their positions in the stock. Sarver Vrooman Wealth Advisors acquired a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF in the third quarter valued at $45,444,000. Janney Montgomery Scott LLC raised its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 7.2% in the first quarter. Janney Montgomery Scott LLC now owns 478,622 shares of the company’s stock valued at $10,018,000 after acquiring an additional 32,344 shares in the last quarter. Praetorian Wealth Management Inc. purchased a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF during the 3rd quarter worth $6,486,000. Parallel Advisors LLC boosted its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 1.8% during the 1st quarter. Parallel Advisors LLC now owns 292,121 shares of the company’s stock worth $6,114,000 after acquiring an additional 5,198 shares in the last quarter. Finally, Peloton Wealth Strategists increased its stake in iShares iBonds Dec 2031 Term Corporate ETF by 22.3% in the fourth quarter. Peloton Wealth Strategists now owns 246,350 shares of the company’s stock valued at $5,210,000 after purchasing an additional 45,000 shares during the last quarter.

About iShares iBonds Dec 2031 Term Corporate ETF

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.