iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) Short Interest Up 86.6% in May

by · The Markets Daily

iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 75,014 shares, an increase of 86.6% from the April 30th total of 40,204 shares. Based on an average trading volume of 73,230 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares iBonds Dec 2035 Term Corporate ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC boosted 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 during the period. Parallel Advisors LLC lifted its holdings in shares of 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 worth $769,000 after buying an additional 11,743 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in shares of iShares iBonds Dec 2035 Term Corporate ETF in the 1st quarter worth $256,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

iShares iBonds Dec 2035 Term Corporate ETF Price Performance

NYSEARCA:IBCA opened at $25.52 on Tuesday. The company has a market cap of $333.04 million, a price-to-earnings ratio of 31.90 and a beta of 0.12. The stock’s 50 day simple moving average is $25.60 and its two-hundred day simple moving average is $25.85. iShares iBonds Dec 2035 Term Corporate ETF has a 1 year low of $24.94 and a 1 year high of $26.72.

About iShares iBonds Dec 2035 Term Corporate ETF

(Get Free Report)

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.

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