iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sees Significant Decline in Short Interest

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 68,849 shares, a decrease of 65.3% from the May 31st total of 198,193 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 652,280 shares, the short-interest ratio is presently 0.1 days.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

Shares of iShares iBonds Dec 2030 Term Corporate ETF stock traded up $0.02 on Friday, hitting $21.82. 681,149 shares of the company traded hands, compared to its average volume of 737,190. The stock’s 50 day moving average price is $21.80 and its 200-day moving average price is $21.95. iShares iBonds Dec 2030 Term Corporate ETF has a 52 week low of $21.63 and a 52 week high of $22.41.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Crews Bank & Trust increased its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 50.8% during the fourth quarter. Crews Bank & Trust now owns 76,460 shares of the company’s stock valued at $1,687,000 after buying an additional 25,745 shares during the period. RVW Wealth LLC purchased a new stake in iShares iBonds Dec 2030 Term Corporate ETF in the fourth quarter worth about $24,567,000. FourThought Financial Partners LLC grew its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 90.3% during the 4th quarter. FourThought Financial Partners LLC now owns 93,926 shares of the company’s stock worth $2,073,000 after acquiring an additional 44,561 shares in the last quarter. Lyell Wealth Management LP increased its position in iShares iBonds Dec 2030 Term Corporate ETF by 21.7% during the 4th quarter. Lyell Wealth Management LP now owns 452,987 shares of the company’s stock valued at $9,997,000 after purchasing an additional 80,761 shares during the period. Finally, Beese Fulmer Investment Management Inc. increased its position in iShares iBonds Dec 2030 Term Corporate ETF by 146.4% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 109,615 shares of the company’s stock valued at $2,419,000 after purchasing an additional 65,126 shares during the period.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.