iShares Defense Industrials Active ETF (NASDAQ:IDEF – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 189,902 shares, an increase of 81.8% from the August 31st total of 104,455 shares. Based on an average trading volume of 500,137 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of IDEF. Bank of New York Mellon Corp acquired a new stake in shares of iShares Defense Industrials Active ETF in the first quarter valued at approximately $66,560,000. Beaumont Financial Advisors LLC acquired a new position in iShares Defense Industrials Active ETF during the 1st quarter worth $7,485,000. Tsfg LLC acquired a new position in iShares Defense Industrials Active ETF during the 2nd quarter worth $3,656,000. Fifth Third Wealth Advisors LLC bought a new position in iShares Defense Industrials Active ETF in the 1st quarter valued at $3,359,000. Finally, Cornerstone Planning Group LLC bought a new position in iShares Defense Industrials Active ETF in the 1st quarter valued at $1,844,000.
iShares Defense Industrials Active ETF Stock Performance
IDEF stock traded down $0.11 during midday trading on Wednesday, hitting $31.23. 633,284 shares of the stock were exchanged, compared to its average volume of 1,259,543. The stock’s 50-day moving average price is $32.92 and its 200-day moving average price is $32.96. iShares Defense Industrials Active ETF has a fifty-two week low of $28.54 and a fifty-two week high of $36.88.
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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