iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Short Interest Down 34.0% in October

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 205,200 shares, a drop of 34.0% from the September 30th total of 310,700 shares. Based on an average daily volume of 523,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 523,800 shares, the short-interest ratio is currently 0.4 days.

iShares iBonds Dec 2029 Term Corporate ETF Stock Up 0.1%

Shares of NYSEARCA IBDU traded up $0.04 during mid-day trading on Tuesday, reaching $23.39. The company had a trading volume of 325,541 shares, compared to its average volume of 500,069. iShares iBonds Dec 2029 Term Corporate ETF has a one year low of $22.55 and a one year high of $23.65. The business’s 50-day simple moving average is $23.48 and its 200 day simple moving average is $23.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. RVW Wealth LLC lifted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 4.2% in the third quarter. RVW Wealth LLC now owns 939,759 shares of the company’s stock valued at $22,056,000 after buying an additional 38,088 shares during the period. Motley Fool Wealth Management LLC acquired a new position in iShares iBonds Dec 2029 Term Corporate ETF in the first quarter valued at approximately $18,818,000. Arrow Financial Corp lifted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 0.4% in the first quarter. Arrow Financial Corp now owns 622,702 shares of the company’s stock valued at $14,403,000 after buying an additional 2,559 shares during the period. Janney Montgomery Scott LLC lifted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 3.1% in the second quarter. Janney Montgomery Scott LLC now owns 452,932 shares of the company’s stock valued at $10,567,000 after buying an additional 13,685 shares during the period. Finally, Rebalance LLC lifted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 132.2% in the third quarter. Rebalance LLC now owns 428,735 shares of the company’s stock valued at $10,062,000 after buying an additional 244,087 shares during the period.

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.