iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Significant Drop in Short Interest

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw a large decrease in short interest in April. As of April 15th, there was short interest totaling 70,019 shares, a decrease of 18.5% from the March 31st total of 85,916 shares. Based on an average daily trading volume, of 701,708 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.1%

iShares iBonds Dec 2029 Term Corporate ETF stock traded up $0.03 during midday trading on Thursday, reaching $23.25. The company’s stock had a trading volume of 602,968 shares, compared to its average volume of 771,654. iShares iBonds Dec 2029 Term Corporate ETF has a 52-week low of $22.93 and a 52-week high of $23.65. The stock’s 50-day simple moving average is $23.30 and its 200-day simple moving average is $23.39.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBDU. Burkett Financial Services LLC purchased a new position in iShares iBonds Dec 2029 Term Corporate ETF in the 4th quarter worth $49,000. High Note Wealth LLC acquired a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth about $105,000. GAMMA Investing LLC boosted its position in iShares iBonds Dec 2029 Term Corporate ETF by 9.4% in the fourth quarter. GAMMA Investing LLC now owns 5,284 shares of the company’s stock valued at $124,000 after buying an additional 452 shares during the last quarter. BOKF NA purchased a new stake in iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter valued at approximately $126,000. Finally, Flagship Harbor Advisors LLC purchased a new position in iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter worth approximately $132,000.

About iShares iBonds Dec 2029 Term Corporate ETF

The iShares iBonds Dec 2029 Term Corporate ETF (IBDU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index of USD-denominated, investment-grade corporate bonds maturing between Jan 1 and Dec 15, 2029. IBDU was launched on Sep 17, 2019 and is managed by BlackRock.