iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Significant Drop in Short Interest

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 70,019 shares, a decline of 18.5% from the March 31st total of 85,916 shares. Based on an average trading volume of 701,708 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

iShares iBonds Dec 2029 Term Corporate ETF stock traded up $0.03 during mid-day trading on Thursday, hitting $23.25. The company’s stock had a trading volume of 602,968 shares, compared to its average volume of 771,654. The company has a 50 day moving average of $23.30 and a 200-day moving average of $23.39. iShares iBonds Dec 2029 Term Corporate ETF has a one year low of $22.93 and a one year high of $23.65.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

A number of hedge funds have recently added to or reduced their stakes in IBDU. RVW Wealth LLC boosted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 12.8% in the fourth quarter. RVW Wealth LLC now owns 1,059,999 shares of the company’s stock valued at $24,809,000 after purchasing an additional 120,240 shares during the period. Captrust Financial Advisors raised its position in iShares iBonds Dec 2029 Term Corporate ETF by 15.4% during the 4th quarter. Captrust Financial Advisors now owns 590,443 shares of the company’s stock valued at $13,819,000 after purchasing an additional 78,809 shares in the last quarter. Lyell Wealth Management LP grew its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 21.7% during the 4th quarter. Lyell Wealth Management LP now owns 486,066 shares of the company’s stock worth $11,376,000 after buying an additional 86,833 shares in the last quarter. Rebalance LLC increased its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 1.6% during the fourth quarter. Rebalance LLC now owns 435,397 shares of the company’s stock valued at $10,190,000 after buying an additional 6,662 shares during the period. Finally, Spinnaker Trust raised its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 34.8% in the first quarter. Spinnaker Trust now owns 410,790 shares of the company’s stock valued at $9,555,000 after acquiring an additional 106,073 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.