iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sees Significant Increase in Short Interest

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 236,187 shares, an increase of 80.6% from the April 15th total of 130,753 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 486,130 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of iShares iBonds Dec 2030 Term Corporate ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 19.5% during the fourth quarter. NewEdge Advisors LLC now owns 1,134,774 shares of the company’s stock worth $25,044,000 after purchasing an additional 185,274 shares in the last quarter. RVW Wealth LLC acquired a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter valued at $24,567,000. Arrow Financial Corp increased its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 3.6% in the 4th quarter. Arrow Financial Corp now owns 667,192 shares of the company’s stock valued at $14,725,000 after acquiring an additional 23,165 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 20.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 541,787 shares of the company’s stock valued at $11,860,000 after acquiring an additional 90,623 shares during the period. Finally, Captrust Financial Advisors increased its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 1,050.5% in the 4th quarter. Captrust Financial Advisors now owns 467,361 shares of the company’s stock valued at $10,315,000 after acquiring an additional 426,739 shares during the period.

iShares iBonds Dec 2030 Term Corporate ETF Price Performance

Shares of IBDV stock opened at $21.71 on Monday. The company has a 50-day moving average of $21.88 and a two-hundred day moving average of $22.03. iShares iBonds Dec 2030 Term Corporate ETF has a 1-year low of $21.48 and a 1-year high of $22.41.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.