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

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw a significant drop in short interest in May. As of May 31st, there was short interest totalling 92,600 shares, a drop of 71.8% from the May 15th total of 328,900 shares. Based on an average daily volume of 389,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBDU. Harbor Investment Advisory LLC raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 105.0% during the first quarter. Harbor Investment Advisory LLC now owns 1,640 shares of the company’s stock worth $38,000 after purchasing an additional 840 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth approximately $42,000. Wilmington Savings Fund Society FSB acquired a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth approximately $150,000. Princeton Global Asset Management LLC raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 165.8% during the first quarter. Princeton Global Asset Management LLC now owns 7,335 shares of the company’s stock worth $170,000 after purchasing an additional 4,575 shares in the last quarter. Finally, 10Elms LLP acquired a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth approximately $178,000.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

IBDU stock opened at $23.16 on Friday. iShares iBonds Dec 2029 Term Corporate ETF has a twelve month low of $22.51 and a twelve month high of $24.90. The company’s 50 day moving average is $23.02 and its two-hundred day moving average is $22.97.

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.