iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Stock Short Interest Drops 62.3%

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 104,102 shares, a decrease of 62.3% from the September 30th total of 276,232 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,558,169 shares, the days-to-cover ratio is currently 0.1 days.

iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.1%

iShares iBonds Dec 2029 Term Corporate ETF stock traded up $0.03 during mid-day trading on Friday, hitting $22.85. 746,607 shares of the company’s stock were exchanged, compared to its average volume of 793,595. iShares iBonds Dec 2029 Term Corporate ETF has a 1-year low of $22.57 and a 1-year high of $23.59. The stock has a 50 day moving average of $22.81 and a two-hundred day moving average of $23.12.

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

A number of large investors have recently made changes to their positions in IBDU. Lyell Wealth Management LP bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the third quarter worth about $13,025,000. Evergreen Private Wealth LLC purchased a new stake in iShares iBonds Dec 2029 Term Corporate ETF in the third quarter valued at approximately $3,883,000. Arrow Financial Corp purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 3rd quarter worth $14,801,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the third quarter worth about $389,000. Finally, ADG Wealth Management Group LLC acquired a new stake in iShares iBonds Dec 2029 Term Corporate ETF in the 3rd quarter valued at about $575,000.

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.