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

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

iShares iBonds Dec 2029 Term Corporate ETF Stock Up 0.0%

iShares iBonds Dec 2029 Term Corporate ETF stock traded up $0.01 during mid-day trading on Friday, reaching $23.42. 948,596 shares of the company traded hands, compared to its average volume of 1,000,954. iShares iBonds Dec 2029 Term Corporate ETF has a 52-week low of $22.55 and a 52-week high of $23.65. The firm’s 50 day moving average price is $23.42 and its 200 day moving average price is $23.40.

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

Hedge funds have recently bought and sold shares of the business. Rebalance LLC grew its stake in iShares iBonds Dec 2029 Term Corporate ETF by 132.2% in the third quarter. Rebalance LLC now owns 428,735 shares of the company’s stock worth $10,062,000 after purchasing an additional 244,087 shares in the last quarter. Adirondack Trust Co. raised its position in iShares iBonds Dec 2029 Term Corporate ETF by 6.7% during the 2nd quarter. Adirondack Trust Co. now owns 99,104 shares of the company’s stock valued at $2,311,000 after purchasing an additional 6,201 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 2nd quarter worth $790,000. Janney Montgomery Scott LLC grew its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 3.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 452,932 shares of the company’s stock worth $10,567,000 after buying an additional 13,685 shares in the last quarter. Finally, Montecito Bank & Trust purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the third quarter valued at $742,000.

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.