iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) Sees Significant Growth in Short Interest

iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 184,675 shares, a growth of 500.7% from the September 15th total of 30,742 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 214,651 shares, the short-interest ratio is presently 0.9 days.

iShares iBonds Dec 2034 Term Corporate ETF Stock Down 0.1%

NYSEARCA IBDZ traded down $0.03 during trading hours on Friday, hitting $24.66. 180,438 shares of the company’s stock traded hands, compared to its average volume of 181,888. iShares iBonds Dec 2034 Term Corporate ETF has a 52-week low of $24.42 and a 52-week high of $27.48. The firm’s 50-day moving average is $25.23 and its 200-day moving average is $25.70.

Institutional Investors Weigh In On iShares iBonds Dec 2034 Term Corporate ETF

A number of large investors have recently made changes to their positions in IBDZ. Montecito Bank & Trust acquired a new stake in shares of iShares iBonds Dec 2034 Term Corporate ETF in the 3rd quarter worth $720,000. Sarver Vrooman Wealth Advisors raised its holdings in shares of iShares iBonds Dec 2034 Term Corporate ETF by 2.2% during the 3rd quarter. Sarver Vrooman Wealth Advisors now owns 1,718,835 shares of the company’s stock worth $42,335,000 after acquiring an additional 37,801 shares during the period. Roble Belko & Company Inc acquired a new position in shares of iShares iBonds Dec 2034 Term Corporate ETF during the 2nd quarter valued at about $1,503,000. Sterling Investment Advisors Ltd. boosted its position in shares of iShares iBonds Dec 2034 Term Corporate ETF by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 13,725 shares of the company’s stock valued at $358,000 after acquiring an additional 3,610 shares during the last quarter. Finally, Ballast Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2034 Term Corporate ETF in the first quarter valued at about $30,000.

iShares iBonds Dec 2034 Term Corporate ETF Company Profile

The iShares iBonds Dec 2034 Term Corporate ETF (IBDZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2034, and December 15, 2034. IBDZ was launched on May 22, 2024 and is issued by BlackRock.