iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sees Significant Growth in Short Interest

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 242,122 shares, an increase of 251.7% from the June 15th total of 68,849 shares. Based on an average daily trading volume, of 772,250 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBDV. RVW Wealth LLC boosted its holdings in 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 purchasing an additional 103,166 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 19.5% during the 4th quarter. NewEdge Advisors LLC now owns 1,134,774 shares of the company’s stock worth $25,044,000 after buying an additional 185,274 shares during the period. Arrow Financial Corp lifted its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 3.6% during the 4th quarter. Arrow Financial Corp now owns 667,192 shares of the company’s stock worth $14,725,000 after buying an additional 23,165 shares during the period. Janney Montgomery Scott LLC boosted its stake in iShares iBonds Dec 2030 Term Corporate ETF by 20.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 541,787 shares of the company’s stock valued at $11,860,000 after buying an additional 90,623 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in iShares iBonds Dec 2030 Term Corporate ETF by 1,050.5% in the 4th quarter. Captrust Financial Advisors now owns 467,361 shares of the company’s stock valued at $10,315,000 after buying an additional 426,739 shares in the last quarter.

iShares iBonds Dec 2030 Term Corporate ETF Price Performance

NYSEARCA:IBDV opened at $21.65 on Monday. The company has a 50-day moving average of $21.75 and a 200-day moving average of $21.93. iShares iBonds Dec 2030 Term Corporate ETF has a 52 week low of $21.63 and a 52 week high of $22.41.

iShares iBonds Dec 2030 Term Corporate ETF Company Profile

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.