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

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 192,215 shares, a drop of 49.1% from the June 30th total of 377,690 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 654,971 shares, the days-to-cover ratio is currently 0.3 days.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

NYSEARCA:IBDU traded up $0.04 on Tuesday, reaching $23.05. The stock had a trading volume of 47,031 shares, compared to its average volume of 731,946. iShares iBonds Dec 2029 Term Corporate ETF has a 1-year low of $22.98 and a 1-year high of $23.65. The stock has a fifty day moving average price of $23.10 and a 200-day moving average price of $23.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. RVW Wealth LLC raised its position in iShares iBonds Dec 2029 Term Corporate ETF by 5.4% in the 2nd quarter. RVW Wealth LLC now owns 1,210,684 shares of the company’s stock valued at $28,039,000 after purchasing an additional 61,905 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 15.4% in the fourth quarter. Captrust Financial Advisors now owns 590,443 shares of the company’s stock valued at $13,819,000 after buying an additional 78,809 shares in the last quarter. Lyell Wealth Management LP raised its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 21.7% in the fourth quarter. Lyell Wealth Management LP now owns 486,066 shares of the company’s stock valued at $11,376,000 after buying an additional 86,833 shares during the last quarter. Rebalance LLC lifted its position in iShares iBonds Dec 2029 Term Corporate ETF by 1.6% during the 4th quarter. Rebalance LLC now owns 435,397 shares of the company’s stock worth $10,190,000 after buying an additional 6,662 shares in the last quarter. Finally, Spinnaker Trust lifted its position in iShares iBonds Dec 2029 Term Corporate ETF by 34.8% during the 1st quarter. Spinnaker Trust now owns 410,790 shares of the company’s stock worth $9,555,000 after buying an additional 106,073 shares in the last quarter.

iShares iBonds Dec 2029 Term Corporate ETF Company Profile

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.