iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) Shares Shorted: Short Interest Down 49.1% in October

iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 94,030 shares, a drop of 49.1% from the September 30th total of 184,675 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 230,215 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sarver Vrooman Wealth Advisors raised its holdings in iShares iBonds Dec 2034 Term Corporate ETF by 1.6% in the 2nd quarter. Sarver Vrooman Wealth Advisors now owns 1,681,034 shares of the company’s stock valued at $43,581,000 after acquiring an additional 26,060 shares in the last quarter. Arrow Financial Corp bought a new position in shares of iShares iBonds Dec 2034 Term Corporate ETF in the third quarter valued at about $12,997,000. Janney Montgomery Scott LLC lifted its position in shares of iShares iBonds Dec 2034 Term Corporate ETF by 56.6% during the first quarter. Janney Montgomery Scott LLC now owns 343,060 shares of the company’s stock worth $8,940,000 after purchasing an additional 123,996 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of 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 valued at $5,300,000 after buying an additional 3,493 shares during the period. Finally, Lyell Wealth Management LP increased its stake in shares of iShares iBonds Dec 2034 Term Corporate ETF by 9.8% in the 3rd quarter. Lyell Wealth Management LP now owns 199,035 shares of the company’s stock valued at $4,902,000 after buying an additional 17,700 shares during the period.

iShares iBonds Dec 2034 Term Corporate ETF Trading Up 0.2%

NYSEARCA:IBDZ traded up $0.05 during mid-day trading on Friday, hitting $25.08. The stock had a trading volume of 137,166 shares, compared to its average volume of 186,879. The company has a 50 day simple moving average of $25.03 and a 200-day simple moving average of $25.80. iShares iBonds Dec 2034 Term Corporate ETF has a 52 week low of $24.42 and a 52 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.