Short Interest in iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Drops By 60.2%

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IBDU. MTM Investment Management LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 1st quarter worth approximately $36,000. Burkett Financial Services LLC purchased a new position in iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth $49,000. High Note Wealth LLC purchased a new position in iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth $105,000. GAMMA Investing LLC lifted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.4% in 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 in the last quarter. Finally, BOKF NA purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter valued at $126,000.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

NYSEARCA IBDU traded down $0.01 during trading hours 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 company’s 50-day moving average is $23.19 and its two-hundred day moving average is $23.33. iShares iBonds Dec 2029 Term Corporate ETF has a fifty-two week low of $23.02 and a fifty-two week high of $23.65.

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.