iShares Defense Industrials Active ETF (NASDAQ:IDEF) Sees Significant Growth in Short Interest

iShares Defense Industrials Active ETF (NASDAQ:IDEF) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 116,385,961 shares, a growth of 607,469.2% from the February 26th total of 19,156 shares. Based on an average trading volume of 8,926,075 shares, the days-to-cover ratio is currently 13.0 days. Approximately 6,612.8% of the company’s shares are sold short. Approximately 6,612.8% of the company’s shares are sold short. Based on an average trading volume of 8,926,075 shares, the days-to-cover ratio is currently 13.0 days.

iShares Defense Industrials Active ETF Stock Down 1.6%

NASDAQ:IDEF opened at $33.58 on Wednesday. iShares Defense Industrials Active ETF has a 1 year low of $24.97 and a 1 year high of $36.88. The business has a 50 day simple moving average of $35.22 and a 200-day simple moving average of $32.56.

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.