Short Interest in iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Declines By 49.1%

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IBDU. Praetorian Wealth Management Inc. boosted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 2.7% during the 2nd quarter. Praetorian Wealth Management Inc. now owns 297,915 shares of the company’s stock worth $6,900,000 after acquiring an additional 7,902 shares in the last quarter. RVW Wealth LLC raised its holdings in 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 worth $28,039,000 after purchasing an additional 61,905 shares during the period. GAMMA Investing LLC boosted its position in iShares iBonds Dec 2029 Term Corporate ETF by 141.5% during the second quarter. GAMMA Investing LLC now owns 12,763 shares of the company’s stock worth $296,000 after purchasing an additional 7,479 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in iShares iBonds Dec 2029 Term Corporate ETF by 19.0% during the second quarter. Harbor Investment Advisory LLC now owns 100,760 shares of the company’s stock worth $2,334,000 after purchasing an additional 16,114 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new stake in iShares iBonds Dec 2029 Term Corporate ETF in the first quarter valued at approximately $40,000.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

Shares of NYSEARCA IBDU traded up $0.02 during midday trading on Thursday, reaching $23.08. 362,938 shares of the stock were exchanged, compared to its average volume of 731,404. The firm has a 50-day simple moving average of $23.10 and a two-hundred day simple moving average of $23.25. iShares iBonds Dec 2029 Term Corporate ETF has a twelve month low of $22.98 and a twelve month high of $23.65.

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.