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

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

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

Shares of NYSEARCA IBDU opened at $23.06 on Monday. The stock has a 50 day moving average price of $23.13 and a 200 day moving average price of $23.28. iShares iBonds Dec 2029 Term Corporate ETF has a 52 week low of $23.00 and a 52 week high of $23.65.

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

A number of institutional investors have recently added to or reduced their stakes in the company. RVW Wealth LLC grew its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 5.4% in the 2nd quarter. RVW Wealth LLC now owns 1,210,684 shares of the company’s stock valued at $28,039,000 after acquiring an additional 61,905 shares during the period. Captrust Financial Advisors increased its holdings in shares of 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 acquiring an additional 78,809 shares during the last quarter. Lyell Wealth Management LP boosted its position in iShares iBonds Dec 2029 Term Corporate ETF by 21.7% during the fourth 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 period. Rebalance LLC raised its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 1.6% in the fourth quarter. Rebalance LLC now owns 435,397 shares of the company’s stock valued at $10,190,000 after purchasing an additional 6,662 shares during the period. Finally, Spinnaker Trust boosted its holdings 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.

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.