iShares iBonds 1-5 Year Corporate Ladder ETF (NYSEARCA:LDRC) Sees Significant Drop in Short Interest

iShares iBonds 1-5 Year Corporate Ladder ETF (NYSEARCA:LDRC – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 10,540 shares, a drop of 51.8% from the July 15th total of 21,876 shares. Based on an average daily trading volume, of 12,506 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the stock are short sold.

iShares iBonds 1-5 Year Corporate Ladder ETF Price Performance

Shares of NYSEARCA:LDRC traded down $0.04 during midday trading on Monday, hitting $25.02. The stock had a trading volume of 28,924 shares, compared to its average volume of 21,328. The company’s 50-day moving average price is $25.09 and its 200-day moving average price is $25.21. iShares iBonds 1-5 Year Corporate Ladder ETF has a fifty-two week low of $24.97 and a fifty-two week high of $26.61.

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About iShares iBonds 1-5 Year Corporate Ladder ETF

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The iShares iBonds 1-5 Year Corporate Ladder ETF (LDRC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds, tracking an equally-weighted index that staggers maturities across a portfolio of underlying iShares iBonds Corporate ETF, all maturing within six years. Each underlying fund comprises USD-denominated, investment-grade corporate bonds maturing annually. LDRC was launched on Nov 7, 2024 and is issued by BlackRock.

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