iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Short Interest Update

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 191,308 shares, an increase of 164.8% from the August 15th total of 72,253 shares. Based on an average daily trading volume, of 1,059,440 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

NYSEARCA IBDU opened at $22.81 on Friday. iShares iBonds Dec 2029 Term Corporate ETF has a 1-year low of $22.80 and a 1-year high of $23.65. The business has a 50 day simple moving average of $23.03 and a two-hundred day simple moving average of $23.15.

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

Large investors have recently bought and sold shares of the business. American Trust boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 2.5% during the fourth quarter. American Trust now owns 23,448 shares of the company’s stock worth $549,000 after buying an additional 583 shares during the period. Farmers National Bank raised its position in iShares iBonds Dec 2029 Term Corporate ETF by 1.5% in the 1st quarter. Farmers National Bank now owns 44,709 shares of the company’s stock worth $1,040,000 after purchasing an additional 641 shares during the period. MTM Investment Management LLC bought a new stake in iShares iBonds Dec 2029 Term Corporate ETF in the first quarter worth about $36,000. 10Elms LLP boosted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 5.3% during the fourth quarter. 10Elms LLP now owns 34,070 shares of the company’s stock valued at $797,000 after buying an additional 1,700 shares during the period. Finally, Ballast Advisors LLC bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the first quarter valued at approximately $40,000.

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.