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

iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 70,504 shares, a growth of 259.5% from the June 30th total of 19,609 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 109,886 shares, the short-interest ratio is currently 0.6 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of IBDZ. Sarver Vrooman Wealth Advisors raised its stake in iShares iBonds Dec 2034 Term Corporate ETF by 1.6% during the 2nd quarter. Sarver Vrooman Wealth Advisors now owns 1,681,034 shares of the company’s stock valued at $43,581,000 after purchasing an additional 26,060 shares during the last quarter. Ballast Advisors LLC acquired a new stake in iShares iBonds Dec 2034 Term Corporate ETF in the 1st quarter worth $30,000. Parallel Advisors LLC grew its position in iShares iBonds Dec 2034 Term Corporate ETF by 1.7% in the 1st quarter. Parallel Advisors LLC now owns 203,388 shares of the company’s stock worth $5,300,000 after purchasing an additional 3,493 shares during the last quarter. Bessemer Group Inc. acquired a new stake in iShares iBonds Dec 2034 Term Corporate ETF in the 1st quarter worth $238,000. Finally, Bogart Wealth LLC increased its holdings in shares of iShares iBonds Dec 2034 Term Corporate ETF by 100.2% during the 1st quarter. Bogart Wealth LLC now owns 1,133 shares of the company’s stock worth $30,000 after purchasing an additional 567 shares during the period.

iShares iBonds Dec 2034 Term Corporate ETF Stock Performance

Shares of NYSEARCA IBDZ remained flat at $25.56 during trading hours on Friday. The company had a trading volume of 194,017 shares, compared to its average volume of 197,622. The firm has a fifty day moving average of $25.89 and a 200-day moving average of $26.14. iShares iBonds Dec 2034 Term Corporate ETF has a fifty-two week low of $25.53 and a fifty-two week high of $27.48.

About iShares iBonds Dec 2034 Term Corporate ETF

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.