iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 104,102 shares, a decrease of 62.3% from the September 30th total of 276,232 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,558,169 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Corporate ETF
A number of institutional investors have recently added to or reduced their stakes in the business. Lyell Wealth Management LP purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the third quarter valued at approximately $13,025,000. Evergreen Private Wealth LLC acquired a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 3rd quarter valued at approximately $3,883,000. Arrow Financial Corp acquired a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 3rd quarter valued at approximately $14,801,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 3rd quarter worth approximately $389,000. Finally, ADG Wealth Management Group LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 3rd quarter worth approximately $575,000.
iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.1%
iShares iBonds Dec 2029 Term Corporate ETF stock traded up $0.03 during midday trading on Friday, hitting $22.85. 746,607 shares of the company’s stock were exchanged, compared to its average volume of 793,595. The firm’s 50 day simple moving average is $22.81 and its 200 day simple moving average is $23.12. iShares iBonds Dec 2029 Term Corporate ETF has a 12-month low of $22.57 and a 12-month high of $23.59.
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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