iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Shares Shorted: Short Interest Down 62.3% in October

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 104,102 shares, a drop of 62.3% from the September 30th total of 276,232 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,558,169 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farmers National Bank lifted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 1.5% during the 1st quarter. Farmers National Bank now owns 44,709 shares of the company’s stock valued at $1,040,000 after buying an additional 641 shares in the last quarter. Montecito Bank & Trust increased its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 2.9% in the 3rd quarter. Montecito Bank & Trust now owns 52,653 shares of the company’s stock worth $1,195,000 after acquiring an additional 1,483 shares in the last quarter. MTM Investment Management LLC purchased a new stake in iShares iBonds Dec 2029 Term Corporate ETF in the 1st quarter worth $36,000. Ballast Advisors LLC acquired a new position in iShares iBonds Dec 2029 Term Corporate ETF during the first quarter worth $40,000. Finally, Burkett Financial Services LLC acquired a new position in iShares iBonds Dec 2029 Term Corporate ETF during the third quarter worth $49,000.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

Shares of NYSEARCA:IBDU opened at $22.79 on Thursday. The business has a 50 day moving average of $22.81 and a two-hundred day moving average of $23.13. iShares iBonds Dec 2029 Term Corporate ETF has a 12-month low of $22.57 and a 12-month high of $23.59.

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.