iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Short Interest Update

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 135,519 shares, a decrease of 60.2% from the May 14th total of 340,776 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 621,464 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

Several institutional investors have recently modified their holdings of the company. Ledyard National Bank grew its position in iShares iBonds Dec 2029 Term Corporate ETF by 2.8% during the 4th quarter. Ledyard National Bank now owns 16,270 shares of the company’s stock worth $381,000 after acquiring an additional 450 shares during the last quarter. GAMMA Investing LLC raised its stake in iShares iBonds Dec 2029 Term Corporate ETF by 9.4% during 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. Mosaic Family Wealth Partners LLC raised its stake in iShares iBonds Dec 2029 Term Corporate ETF by 5.5% during the third quarter. Mosaic Family Wealth Partners LLC now owns 11,102 shares of the company’s stock valued at $261,000 after buying an additional 579 shares during the last quarter. American Trust raised its stake in iShares iBonds Dec 2029 Term Corporate ETF by 2.5% during the fourth quarter. American Trust now owns 23,448 shares of the company’s stock valued at $549,000 after buying an additional 583 shares during the last quarter. Finally, Farmers National Bank raised its stake in iShares iBonds Dec 2029 Term Corporate ETF by 1.5% during the first quarter. Farmers National Bank now owns 44,709 shares of the company’s stock valued at $1,040,000 after buying an additional 641 shares during the last quarter.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

NYSEARCA IBDU traded down $0.01 during trading on Friday, reaching $23.13. The company’s stock had a trading volume of 657,918 shares, compared to its average volume of 772,453. The firm has a fifty day moving average of $23.19 and a 200 day moving average of $23.33. iShares iBonds Dec 2029 Term Corporate ETF has a one year low of $23.02 and a one year high of $23.65.

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.