iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 315,091 shares, an increase of 350.0% from the April 15th total of 70,019 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 522,743 shares, the short-interest ratio is presently 0.6 days.
Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Corporate ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. MTM Investment Management LLC purchased a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the 1st quarter worth approximately $36,000. Burkett Financial Services LLC acquired a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth $49,000. High Note Wealth LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter valued at $105,000. GAMMA Investing LLC grew its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.4% during the fourth quarter. GAMMA Investing LLC now owns 5,284 shares of the company’s stock valued at $124,000 after buying an additional 452 shares during the last quarter. Finally, BOKF NA acquired a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 4th quarter valued at $126,000.
iShares iBonds Dec 2029 Term Corporate ETF Stock Performance
Shares of IBDU traded down $0.03 during midday trading on Friday, hitting $23.11. 533,600 shares of the company’s stock traded hands, compared to its average volume of 745,973. iShares iBonds Dec 2029 Term Corporate ETF has a 1 year low of $22.98 and a 1 year high of $23.65. The firm’s fifty day moving average is $23.24 and its 200-day moving average is $23.37.
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.
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