Short Interest in iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) Drops By 70.7%

iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 16,894 shares, a decline of 70.7% from the July 30th total of 57,624 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 77,777 shares, the short-interest ratio is currently 0.2 days.

iShares iBonds Dec 2034 Term Corporate ETF Stock Performance

IBDZ stock traded down $0.11 during midday trading on Friday, hitting $25.58. The company had a trading volume of 119,897 shares, compared to its average volume of 183,993. iShares iBonds Dec 2034 Term Corporate ETF has a 52 week low of $25.46 and a 52 week high of $27.48. The stock’s 50 day moving average price is $25.72 and its 200 day moving average price is $26.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC boosted its position in iShares iBonds Dec 2034 Term Corporate ETF by 100.2% during the 1st quarter. Bogart Wealth LLC now owns 1,133 shares of the company’s stock valued at $30,000 after buying an additional 567 shares during the period. Ballast Advisors LLC purchased a new position in shares of iShares iBonds Dec 2034 Term Corporate ETF in the first quarter valued at about $30,000. Bessemer Group Inc. purchased a new position in shares of iShares iBonds Dec 2034 Term Corporate ETF in the first quarter valued at about $238,000. Ameriprise Financial Inc. purchased a new position in shares of iShares iBonds Dec 2034 Term Corporate ETF in the second quarter valued at about $258,000. Finally, Sterling Investment Advisors Ltd. raised its stake in shares of iShares iBonds Dec 2034 Term Corporate ETF by 17.3% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 10,115 shares of the company’s stock valued at $267,000 after acquiring an additional 1,490 shares during the last quarter.

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.