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

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw a significant increase in short interest in the month of 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. Based on an average daily trading volume, of 522,743 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 bought and sold shares of IBDU. RVW Wealth LLC boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 12.8% during the fourth quarter. RVW Wealth LLC now owns 1,059,999 shares of the company’s stock worth $24,809,000 after acquiring an additional 120,240 shares in the last quarter. Heartland Bank & Trust Co boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 401.6% during the first quarter. Heartland Bank & Trust Co now owns 148,493 shares of the company’s stock worth $3,454,000 after acquiring an additional 118,889 shares in the last quarter. Captrust Financial Advisors boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 26.9% during the third quarter. Captrust Financial Advisors now owns 511,634 shares of the company’s stock worth $12,008,000 after acquiring an additional 108,460 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 201.9% during the third quarter. JPMorgan Chase & Co. now owns 160,004 shares of the company’s stock worth $3,755,000 after acquiring an additional 107,010 shares in the last quarter. Finally, Spinnaker Trust boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 34.8% during the first quarter. Spinnaker Trust now owns 410,790 shares of the company’s stock worth $9,555,000 after acquiring an additional 106,073 shares in the last quarter.

iShares iBonds Dec 2029 Term Corporate ETF Trading Down 0.1%

Shares of IBDU traded down $0.03 during trading hours on Thursday, hitting $23.14. 1,116,389 shares of the stock were exchanged, compared to its average volume of 748,615. iShares iBonds Dec 2029 Term Corporate ETF has a fifty-two week low of $22.95 and a fifty-two week high of $23.65. The business has a 50-day moving average of $23.24 and a 200-day moving average of $23.37.

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.