iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Short Interest Down 60.2% in May

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 135,519 shares, a decline of 60.2% from the May 14th total of 340,776 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 621,464 shares, the days-to-cover ratio is presently 0.2 days.

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

Several large investors have recently added to or reduced their stakes in the business. RVW Wealth LLC grew its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 12.8% in the 4th quarter. RVW Wealth LLC now owns 1,059,999 shares of the company’s stock valued at $24,809,000 after buying an additional 120,240 shares during the period. Captrust Financial Advisors lifted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 15.4% during the 4th quarter. Captrust Financial Advisors now owns 590,443 shares of the company’s stock worth $13,819,000 after acquiring an additional 78,809 shares during the period. Lyell Wealth Management LP boosted 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 last quarter. Rebalance LLC grew its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 1.6% in the fourth quarter. Rebalance LLC now owns 435,397 shares of the company’s stock valued at $10,190,000 after purchasing an additional 6,662 shares during the period. Finally, Spinnaker Trust raised its stake in iShares iBonds Dec 2029 Term Corporate ETF by 34.8% during the first quarter. Spinnaker Trust now owns 410,790 shares of the company’s stock worth $9,555,000 after purchasing an additional 106,073 shares during the period.

iShares iBonds Dec 2029 Term Corporate ETF Stock Down 0.0%

IBDU stock traded down $0.01 during midday trading on Friday, hitting $23.13. The stock had a trading volume of 657,918 shares, compared to its average volume of 772,453. iShares iBonds Dec 2029 Term Corporate ETF has a 12-month low of $23.02 and a 12-month high of $23.65. The company’s 50-day moving average price is $23.19 and its 200 day moving average price is $23.33.

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.