iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Short Interest Up 221.2% in June

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 377,690 shares, a growth of 221.2% from the June 15th total of 117,583 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 591,295 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IBDU. MTM Investment Management LLC bought a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the 1st quarter worth approximately $36,000. Ballast Advisors LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the first quarter worth $40,000. Burkett Financial Services LLC bought a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter worth $49,000. High Note Wealth LLC bought a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter worth $105,000. Finally, GAMMA Investing LLC increased its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 9.4% in the fourth quarter. GAMMA Investing LLC now owns 5,284 shares of the company’s stock valued at $124,000 after purchasing an additional 452 shares during the period.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

iShares iBonds Dec 2029 Term Corporate ETF stock traded up $0.04 during trading hours on Tuesday, hitting $23.05. The stock had a trading volume of 371,030 shares, compared to its average volume of 749,781. iShares iBonds Dec 2029 Term Corporate ETF has a one year low of $23.00 and a one year high of $23.65. The business’s 50 day simple moving average is $23.12 and its 200-day simple moving average is $23.28.

iShares iBonds Dec 2029 Term Corporate ETF Company Profile

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.