iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) Shares Shorted: Short Interest Up 62.1% in September

iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 51,959 shares, a growth of 62.1% from the September 15th total of 32,059 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 107,875 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of iShares iBonds Dec 2035 Term Corporate ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Adirondack Trust Co. acquired a new stake in iShares iBonds Dec 2035 Term Corporate ETF in the third quarter worth $2,314,000. Parallel Advisors LLC grew its holdings in iShares iBonds Dec 2035 Term Corporate ETF by 64.4% during the first quarter. Parallel Advisors LLC now owns 29,981 shares of the company’s stock worth $769,000 after buying an additional 11,743 shares in the last quarter. Bogart Wealth LLC boosted its holdings in iShares iBonds Dec 2035 Term Corporate ETF by 100.5% during the first quarter. Bogart Wealth LLC now owns 1,153 shares of the company’s stock worth $30,000 after purchasing an additional 578 shares during the last quarter. Ballast Advisors LLC purchased a new stake in iShares iBonds Dec 2035 Term Corporate ETF in the 1st quarter valued at about $30,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of iShares iBonds Dec 2035 Term Corporate ETF during the first quarter valued at approximately $256,000. 33.75% of the stock is currently owned by institutional investors.

iShares iBonds Dec 2035 Term Corporate ETF Price Performance

Shares of IBCA opened at $24.35 on Friday. iShares iBonds Dec 2035 Term Corporate ETF has a one year low of $23.86 and a one year high of $26.38. The company has a market cap of $428.56 million, a P/E ratio of 30.44 and a beta of 0.17. The firm has a 50 day simple moving average of $24.64 and a two-hundred day simple moving average of $25.19.

iShares iBonds Dec 2035 Term Corporate ETF Company Profile

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.