iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) Sees Large Increase in Short Interest

iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 70,504 shares, an increase of 259.5% from the June 30th total of 19,609 shares. Based on an average daily trading volume, of 109,886 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of iShares iBonds Dec 2034 Term Corporate ETF

Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in shares of iShares iBonds Dec 2034 Term Corporate ETF in the fourth quarter valued at $5,777,000. Arrow Financial Corp boosted its stake in iShares iBonds Dec 2034 Term Corporate ETF by 39.4% during the fourth quarter. Arrow Financial Corp now owns 400,877 shares of the company’s stock worth $10,571,000 after buying an additional 113,245 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in iShares iBonds Dec 2034 Term Corporate ETF in the 3rd quarter valued at $2,137,000. Lyell Wealth Management LP increased its holdings in iShares iBonds Dec 2034 Term Corporate ETF by 366.1% in the 4th quarter. Lyell Wealth Management LP now owns 82,610 shares of the company’s stock valued at $2,178,000 after buying an additional 64,885 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in iShares iBonds Dec 2034 Term Corporate ETF in the 3rd quarter valued at $1,109,000.

iShares iBonds Dec 2034 Term Corporate ETF Price Performance

IBDZ remained flat at $25.56 on Friday. The company had a trading volume of 194,017 shares, compared to its average volume of 197,622. iShares iBonds Dec 2034 Term Corporate ETF has a 1 year low of $25.53 and a 1 year high of $27.48. The business has a 50 day moving average of $25.89 and a two-hundred day moving average of $26.14.

iShares iBonds Dec 2034 Term Corporate ETF Company Profile

The iShares iBonds Dec 2034 Term Corporate ETF (IBDZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2034, and December 15, 2034. IBDZ was launched on May 22, 2024 and is issued by BlackRock.