iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Short Interest Down 71.8% in May

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDUGet Free Report) saw a significant drop in short interest in May. As of May 31st, there was short interest totalling 92,600 shares, a drop of 71.8% from the May 15th total of 328,900 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 389,700 shares, the days-to-cover ratio is currently 0.2 days.

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

Institutional investors have recently modified their holdings of the company. Blue Square Asset Management LLC grew its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 1.2% during the first quarter. Blue Square Asset Management LLC now owns 41,323 shares of the company’s stock worth $956,000 after buying an additional 504 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 105.0% during the first quarter. Harbor Investment Advisory LLC now owns 1,640 shares of the company’s stock worth $38,000 after buying an additional 840 shares in the last quarter. Bank of Jackson Hole Trust grew its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 73.1% during the first quarter. Bank of Jackson Hole Trust now owns 3,184 shares of the company’s stock worth $74,000 after buying an additional 1,345 shares in the last quarter. Ancora Advisors LLC grew its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 11.7% during the fourth quarter. Ancora Advisors LLC now owns 16,565 shares of the company’s stock worth $378,000 after buying an additional 1,731 shares in the last quarter. Finally, First Fiduciary Investment Counsel Inc. grew its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 5.6% during the first quarter. First Fiduciary Investment Counsel Inc. now owns 42,965 shares of the company’s stock worth $994,000 after buying an additional 2,275 shares in the last quarter.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

Shares of NYSEARCA IBDU opened at $23.10 on Friday. iShares iBonds Dec 2029 Term Corporate ETF has a 52 week low of $22.51 and a 52 week high of $24.90. The stock’s fifty day moving average is $23.03 and its 200 day moving average is $22.97.

About iShares iBonds Dec 2029 Term Corporate ETF

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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.

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