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

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 377,690 shares, an increase of 221.2% from the June 15th total of 117,583 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 591,295 shares, the short-interest ratio is presently 0.6 days.

iShares iBonds Dec 2029 Term Corporate ETF Stock Up 0.2%

Shares of NYSEARCA IBDU opened at $23.05 on Wednesday. iShares iBonds Dec 2029 Term Corporate ETF has a 12-month low of $23.00 and a 12-month high of $23.65. The firm’s 50-day moving average is $23.12 and its two-hundred day moving average is $23.28.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. MTM Investment Management LLC purchased a new position in iShares iBonds Dec 2029 Term Corporate ETF during the first quarter worth $36,000. Ballast Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the first quarter valued at $40,000. Burkett Financial Services LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter valued at $49,000. High Note Wealth LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter valued at $105,000. Finally, GAMMA Investing LLC boosted its stake in shares of 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 acquiring an additional 452 shares during 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.