iShares Defense Industrials Active ETF (NASDAQ:IDEF – Get Free Report) was the target of a significant 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 trading volume of 2,101,246 shares, the short-interest ratio is currently 2.3 days.
iShares Defense Industrials Active ETF Price Performance
Shares of IDEF stock traded down $0.43 during trading hours on Wednesday, hitting $31.45. 508,874 shares of the company’s stock traded hands, compared to its average volume of 1,419,189. The stock’s fifty day simple moving average is $33.36 and its two-hundred day simple moving average is $33.34. iShares Defense Industrials Active ETF has a 12-month low of $26.22 and a 12-month high of $36.88.
Institutional Investors Weigh In On iShares Defense Industrials Active ETF
Institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc bought a new position in shares of iShares Defense Industrials Active ETF during the first quarter valued at $51,000. Fifth Third Wealth Advisors LLC bought a new position in iShares Defense Industrials Active ETF in the 1st quarter worth about $3,359,000. KERR FINANCIAL PLANNING Corp purchased a new position in iShares Defense Industrials Active ETF during the first quarter valued at $126,000. Bank of New York Mellon Corp purchased a new stake in iShares Defense Industrials Active ETF in the first quarter worth about $66,560,000. Finally, Beaumont Financial Advisors LLC bought a new position in shares of iShares Defense Industrials Active ETF in the first quarter worth about $7,485,000.
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.
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