iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Stock Short Interest Climbs 85.9%

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 546,923 shares, a growth of 85.9% from the August 31st total of 294,251 shares. Based on an average daily volume of 664,918 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s shares are short sold.

iShares iBonds Dec 2030 Term Corporate ETF Price Performance

NYSEARCA:IBDV opened at $21.14 on Thursday. iShares iBonds Dec 2030 Term Corporate ETF has a fifty-two week low of $21.10 and a fifty-two week high of $22.28. The business has a 50 day moving average price of $21.48 and a 200-day moving average price of $21.68.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBDV. RVW Wealth LLC raised its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 8.6% during the second quarter. RVW Wealth LLC now owns 1,309,276 shares of the company’s stock valued at $28,542,000 after acquiring an additional 103,166 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 20.1% in the first quarter. Janney Montgomery Scott LLC now owns 541,787 shares of the company’s stock valued at $11,860,000 after acquiring an additional 90,623 shares in the last quarter. Lyell Wealth Management LP boosted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 21.7% in the fourth quarter. Lyell Wealth Management LP now owns 452,987 shares of the company’s stock valued at $9,997,000 after acquiring an additional 80,761 shares in the last quarter. Parallel Advisors LLC increased its position in iShares iBonds Dec 2030 Term Corporate ETF by 28.1% during the 4th quarter. Parallel Advisors LLC now owns 353,005 shares of the company’s stock valued at $7,791,000 after purchasing an additional 77,443 shares during the period. Finally, Roble Belko & Company Inc increased its position in iShares iBonds Dec 2030 Term Corporate ETF by 287.8% during the 1st quarter. Roble Belko & Company Inc now owns 102,380 shares of the company’s stock valued at $2,241,000 after purchasing an additional 75,978 shares during the period.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.