iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Large Drop in Short Interest

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

iShares iBonds Dec 2029 Term Corporate ETF Stock Up 0.0%

NYSEARCA:IBDU traded up $0.01 during trading hours on Wednesday, hitting $23.06. 699,326 shares of the company were exchanged, compared to its average volume of 733,981. iShares iBonds Dec 2029 Term Corporate ETF has a 52-week low of $22.98 and a 52-week high of $23.65. The company’s 50 day moving average price is $23.10 and its 200-day moving average price is $23.25.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBDU. Praetorian Wealth Management Inc. grew its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 2.7% during the second quarter. Praetorian Wealth Management Inc. now owns 297,915 shares of the company’s stock valued at $6,900,000 after buying an additional 7,902 shares during the last quarter. RVW Wealth LLC raised its stake 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 acquiring an additional 61,905 shares during the last quarter. GAMMA Investing LLC lifted its position in iShares iBonds Dec 2029 Term Corporate ETF by 141.5% during the 2nd quarter. GAMMA Investing LLC now owns 12,763 shares of the company’s stock worth $296,000 after acquiring an additional 7,479 shares during the period. Harbor Investment Advisory LLC lifted its position in iShares iBonds Dec 2029 Term Corporate ETF by 19.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 100,760 shares of the company’s stock worth $2,334,000 after acquiring an additional 16,114 shares during the period. Finally, Ballast Advisors LLC purchased a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the 1st quarter valued at about $40,000.

iShares iBonds Dec 2029 Term Corporate ETF Company Profile

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.