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

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 283,986 shares, an increase of 101.9% from the July 15th total of 140,687 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 519,278 shares, the days-to-cover ratio is currently 0.5 days.

iShares iBonds Dec 2030 Term Corporate ETF Price Performance

Shares of NYSEARCA:IBDV traded down $0.03 on Friday, reaching $21.63. The company’s stock had a trading volume of 332,794 shares, compared to its average volume of 720,084. iShares iBonds Dec 2030 Term Corporate ETF has a 52-week low of $21.55 and a 52-week high of $22.41. The stock’s 50-day moving average is $21.68 and its two-hundred day moving average is $21.85.

Institutional Trading of iShares iBonds Dec 2030 Term Corporate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gradient Capital Advisors LLC lifted its position in iShares iBonds Dec 2030 Term Corporate ETF by 1.9% during the 4th quarter. Gradient Capital Advisors LLC now owns 29,999 shares of the company’s stock worth $662,000 after acquiring an additional 564 shares during the period. American Trust raised its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 3.6% during the fourth quarter. American Trust now owns 17,291 shares of the company’s stock worth $382,000 after purchasing an additional 607 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 11.1% during the fourth quarter. Bogart Wealth LLC now owns 6,802 shares of the company’s stock worth $150,000 after purchasing an additional 678 shares during the last quarter. Beacon Financial Group lifted its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 1.1% during the first quarter. Beacon Financial Group now owns 80,196 shares of the company’s stock worth $1,755,000 after purchasing an additional 895 shares during the period. Finally, High Note Wealth LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF during the fourth quarter worth $25,000.

iShares iBonds Dec 2030 Term Corporate ETF Company Profile

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.