iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Short Interest Down 71.8% in May

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) was the target of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 92,600 shares, a decrease of 71.8% from the May 15th total of 328,900 shares. Based on an average trading volume of 389,700 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

Shares of NYSEARCA IBDU opened at $23.10 on Friday. The business’s 50-day simple moving average is $23.03 and its 200-day simple moving average is $22.97. iShares iBonds Dec 2029 Term Corporate ETF has a 52 week low of $22.51 and a 52 week high of $24.90.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Peloton Wealth Strategists grew its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 10.6% in the 1st quarter. Peloton Wealth Strategists now owns 339,000 shares of the company’s stock valued at $7,841,000 after buying an additional 32,600 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 34.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 40,718 shares of the company’s stock worth $942,000 after acquiring an additional 10,382 shares during the period. OLD Mission Capital LLC bought a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 1st quarter worth approximately $3,349,000. Motley Fool Wealth Management LLC bought a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 1st quarter worth approximately $18,818,000. Finally, Cary Street Partners Financial LLC lifted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 16.6% in the 1st quarter. Cary Street Partners Financial LLC now owns 49,591 shares of the company’s stock worth $1,147,000 after acquiring an additional 7,055 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.