iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) Short Interest Up 233.4% in June

iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 19,609 shares, an increase of 233.4% from the June 15th total of 5,882 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 107,321 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IBDZ. Ameriprise Financial Inc. acquired a new stake in shares of iShares iBonds Dec 2034 Term Corporate ETF during the 2nd quarter worth approximately $258,000. Captrust Financial Advisors boosted its stake in iShares iBonds Dec 2034 Term Corporate ETF by 3.3% in the second quarter. Captrust Financial Advisors now owns 15,457 shares of the company’s stock valued at $404,000 after acquiring an additional 490 shares during the last quarter. JPMorgan Chase & Co. bought a new position in iShares iBonds Dec 2034 Term Corporate ETF in the third quarter valued at approximately $2,137,000. Flow Traders U.S. LLC bought a new position in iShares iBonds Dec 2034 Term Corporate ETF in the third quarter valued at approximately $1,109,000. Finally, Montecito Bank & Trust grew its holdings in iShares iBonds Dec 2034 Term Corporate ETF by 6.1% during the 4th quarter. Montecito Bank & Trust now owns 24,662 shares of the company’s stock worth $650,000 after acquiring an additional 1,418 shares during the period.

iShares iBonds Dec 2034 Term Corporate ETF Trading Up 0.3%

Shares of IBDZ traded up $0.08 during trading hours on Tuesday, hitting $25.74. 102,614 shares of the stock traded hands, compared to its average volume of 200,231. The business has a fifty day moving average of $25.95 and a 200-day moving average of $26.18. iShares iBonds Dec 2034 Term Corporate ETF has a 1-year low of $25.64 and a 1-year high of $27.48.

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.