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

iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 19,609 shares, a growth of 233.4% from the June 15th total of 5,882 shares. Based on an average trading volume of 107,321 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

iShares iBonds Dec 2034 Term Corporate ETF Stock Performance

NYSEARCA:IBDZ opened at $25.77 on Monday. iShares iBonds Dec 2034 Term Corporate ETF has a 1 year low of $25.64 and a 1 year high of $27.48. The stock’s fifty day moving average price is $25.96 and its two-hundred day moving average price is $26.19.

Institutional Trading of iShares iBonds Dec 2034 Term Corporate ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Sarver Vrooman Wealth Advisors grew its holdings 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 buying an additional 26,060 shares in the last quarter. Ballast Advisors LLC bought a new stake in shares of iShares iBonds Dec 2034 Term Corporate ETF during the first quarter valued at about $30,000. Parallel Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2034 Term Corporate ETF by 1.7% in the first quarter. Parallel Advisors LLC now owns 203,388 shares of the company’s stock worth $5,300,000 after buying an additional 3,493 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of iShares iBonds Dec 2034 Term Corporate ETF in the first quarter worth about $238,000. Finally, Bogart Wealth LLC boosted its position in shares of iShares iBonds Dec 2034 Term Corporate ETF by 100.2% in the first quarter. Bogart Wealth LLC now owns 1,133 shares of the company’s stock valued at $30,000 after acquiring an additional 567 shares during the period.

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.