iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Short Interest Up 38.1% in December

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 380,463 shares, an increase of 38.1% from the December 15th total of 275,446 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 1,415,326 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 1,415,326 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

Shares of NYSEARCA IBDU opened at $23.42 on Monday. iShares iBonds Dec 2029 Term Corporate ETF has a 52 week low of $22.55 and a 52 week high of $23.65. The stock’s fifty day moving average is $23.42 and its 200 day moving average is $23.40.

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

Several hedge funds have recently bought and sold shares of IBDU. Rebalance LLC boosted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 1.6% during the 4th quarter. Rebalance LLC now owns 435,397 shares of the company’s stock worth $10,190,000 after acquiring an additional 6,662 shares in the last quarter. Praetorian Wealth Management Inc. lifted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 10.5% during the fourth quarter. Praetorian Wealth Management Inc. now owns 270,419 shares of the company’s stock worth $6,329,000 after purchasing an additional 25,593 shares during the last quarter. RVW Wealth LLC lifted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 12.8% during the fourth quarter. RVW Wealth LLC now owns 1,059,999 shares of the company’s stock worth $24,809,000 after purchasing an additional 120,240 shares during the last quarter. Montecito Bank & Trust boosted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 25.3% in the 4th quarter. Montecito Bank & Trust now owns 39,620 shares of the company’s stock valued at $927,000 after purchasing an additional 8,006 shares in the last quarter. Finally, Adirondack Trust Co. increased its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 11.0% in the 4th quarter. Adirondack Trust Co. now owns 122,958 shares of the company’s stock valued at $2,877,000 after purchasing an additional 12,182 shares during the last quarter.

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.