Short Interest in iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Drops By 37.1%

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 120,841 shares, a drop of 37.1% from the July 15th total of 192,215 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 513,370 shares, the days-to-cover ratio is currently 0.2 days.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

Shares of NYSEARCA:IBDU opened at $23.08 on Thursday. iShares iBonds Dec 2029 Term Corporate ETF has a 12-month low of $22.98 and a 12-month high of $23.65. The business has a 50 day moving average of $23.08 and a two-hundred day moving average of $23.21.

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

Large investors have recently made changes to their positions in the company. RVW Wealth LLC boosted its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 5.4% during the second quarter. RVW Wealth LLC now owns 1,210,684 shares of the company’s stock worth $28,039,000 after buying an additional 61,905 shares in the last quarter. Captrust Financial Advisors increased its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 15.4% in the fourth quarter. Captrust Financial Advisors now owns 590,443 shares of the company’s stock valued at $13,819,000 after buying an additional 78,809 shares in the last quarter. Lyell Wealth Management LP raised its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 21.7% in the fourth quarter. Lyell Wealth Management LP now owns 486,066 shares of the company’s stock worth $11,376,000 after acquiring an additional 86,833 shares during the period. Spinnaker Trust raised its position 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 worth $9,555,000 after acquiring an additional 106,073 shares during the period. Finally, Peloton Wealth Strategists boosted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.8% during the 4th quarter. Peloton Wealth Strategists now owns 375,595 shares of the company’s stock worth $8,791,000 after acquiring an additional 33,445 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.