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

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

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

IBDU stock traded up $0.04 during trading on Tuesday, hitting $23.05. The company had a trading volume of 47,031 shares, compared to its average volume of 731,946. The firm has a 50-day moving average price of $23.10 and a 200-day moving average price of $23.25. iShares iBonds Dec 2029 Term Corporate ETF has a 12 month low of $22.98 and a 12 month high of $23.65.

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

Several large investors have recently made changes to their positions in IBDU. Heartland Bank & Trust Co raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 401.6% during the 1st quarter. Heartland Bank & Trust Co now owns 148,493 shares of the company’s stock worth $3,454,000 after purchasing an additional 118,889 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 26.9% in the 3rd quarter. Captrust Financial Advisors now owns 511,634 shares of the company’s stock valued at $12,008,000 after purchasing an additional 108,460 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 201.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 160,004 shares of the company’s stock valued at $3,755,000 after purchasing an additional 107,010 shares during the last quarter. Spinnaker Trust grew its position in shares of 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 during the period. Finally, Lyell Wealth Management LP grew its position in shares of 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 buying an additional 86,833 shares during the period.

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.