Short Interest in iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Declines By 41.9%

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 140,687 shares, a drop of 41.9% from the June 30th total of 242,122 shares. Based on an average trading volume of 893,713 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

Shares of iShares iBonds Dec 2030 Term Corporate ETF stock traded up $0.02 on Thursday, hitting $21.64. 422,043 shares of the company’s stock traded hands, compared to its average volume of 729,989. The firm’s 50-day moving average price is $21.71 and its two-hundred day moving average price is $21.89. iShares iBonds Dec 2030 Term Corporate ETF has a one year low of $21.55 and a one year high of $22.41.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. High Note Wealth LLC bought a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter valued at about $25,000. Ballast Advisors LLC bought a new stake in iShares iBonds Dec 2030 Term Corporate ETF in the first quarter valued at approximately $30,000. BOKF NA acquired a new stake in iShares iBonds Dec 2030 Term Corporate ETF in the fourth quarter worth $68,000. Valley Wealth Managers Inc. grew its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 240.4% in the 4th quarter. Valley Wealth Managers Inc. now owns 4,531 shares of the company’s stock valued at $100,000 after buying an additional 3,200 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter valued at $132,000.

iShares iBonds Dec 2030 Term Corporate ETF Company Profile

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.