iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 377,690 shares, a growth of 221.2% from the June 15th total of 117,583 shares. Based on an average trading volume of 591,295 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Investment Advisory LLC raised its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 164.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 65,092 shares of the company’s stock worth $1,523,000 after acquiring an additional 40,456 shares during the period. Curbstone Financial Management Corp acquired a new position in iShares iBonds Dec 2029 Term Corporate ETF in the 4th quarter worth $645,000. JPMorgan Chase & Co. boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 201.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 160,004 shares of the company’s stock worth $3,755,000 after purchasing an additional 107,010 shares during the period. Lyell Wealth Management LP boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 21.7% in the 4th quarter. Lyell Wealth Management LP now owns 486,066 shares of the company’s stock worth $11,376,000 after purchasing an additional 86,833 shares during the period. Finally, Praetorian Wealth Management Inc. increased its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 10.5% during the 4th quarter. Praetorian Wealth Management Inc. now owns 270,419 shares of the company’s stock worth $6,329,000 after purchasing an additional 25,593 shares in the last quarter.
iShares iBonds Dec 2029 Term Corporate ETF Stock Performance
NYSEARCA:IBDU opened at $23.06 on Monday. The business’s 50-day simple moving average is $23.13 and its 200-day simple moving average is $23.28. iShares iBonds Dec 2029 Term Corporate ETF has a fifty-two week low of $23.00 and a fifty-two week high of $23.65.
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.
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