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

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 72,253 shares, a decline of 40.2% from the July 30th total of 120,841 shares. Based on an average trading volume of 588,370 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

Shares of IBDU stock traded down $0.15 during trading hours on Tuesday, hitting $22.90. 464,790 shares of the company’s stock traded hands, compared to its average volume of 740,868. The stock’s 50 day simple moving average is $23.07 and its 200 day simple moving average is $23.19. iShares iBonds Dec 2029 Term Corporate ETF has a 12 month low of $22.90 and a 12 month high of $23.65.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. RVW Wealth LLC lifted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 5.4% in the second quarter. RVW Wealth LLC now owns 1,210,684 shares of the company’s stock worth $28,039,000 after acquiring an additional 61,905 shares during the period. Captrust Financial Advisors raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 15.4% during the 4th quarter. Captrust Financial Advisors now owns 590,443 shares of the company’s stock worth $13,819,000 after purchasing an additional 78,809 shares during the last quarter. Lyell Wealth Management LP raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 21.7% during the 4th quarter. Lyell Wealth Management LP now owns 486,066 shares of the company’s stock worth $11,376,000 after purchasing an additional 86,833 shares during the last quarter. Spinnaker Trust lifted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 34.8% in the 1st quarter. Spinnaker Trust now owns 410,790 shares of the company’s stock worth $9,555,000 after purchasing an additional 106,073 shares during the period. Finally, Peloton Wealth Strategists lifted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.8% in the 4th quarter. Peloton Wealth Strategists now owns 375,595 shares of the company’s stock worth $8,791,000 after purchasing an additional 33,445 shares during the period.

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.