Short Interest in iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Increases By 164.8%

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 191,308 shares, an increase of 164.8% from the August 15th total of 72,253 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,059,440 shares, the short-interest ratio is currently 0.2 days.

iShares iBonds Dec 2029 Term Corporate ETF Stock Down 0.0%

IBDU stock traded down $0.01 during mid-day trading on Monday, reaching $22.80. 685,374 shares of the stock traded hands, compared to its average volume of 736,252. The business has a 50-day moving average of $23.03 and a two-hundred day moving average of $23.15. iShares iBonds Dec 2029 Term Corporate ETF has a 52 week low of $22.78 and a 52 week high of $23.65.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. MTM Investment Management LLC acquired a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 1st quarter valued at $36,000. Ballast Advisors LLC bought a new position in iShares iBonds Dec 2029 Term Corporate ETF during the 1st quarter valued at about $40,000. High Note Wealth LLC bought a new position in iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter valued at about $105,000. Bogart Wealth LLC boosted its position in iShares iBonds Dec 2029 Term Corporate ETF by 48.6% in the first quarter. Bogart Wealth LLC now owns 8,457 shares of the company’s stock valued at $197,000 after buying an additional 2,764 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its position in iShares iBonds Dec 2029 Term Corporate ETF by 38.4% in the first quarter. McIlrath & Eck LLC now owns 9,752 shares of the company’s stock valued at $227,000 after buying an additional 2,707 shares in the last quarter.

About iShares iBonds Dec 2029 Term Corporate ETF

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.