iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 135,519 shares, a drop of 60.2% from the May 14th total of 340,776 shares. Based on an average trading volume of 621,464 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.
iShares iBonds Dec 2029 Term Corporate ETF Stock Down 0.0%
Shares of NYSEARCA:IBDU traded down $0.01 during mid-day trading on Friday, reaching $23.13. 657,918 shares of the stock were exchanged, compared to its average volume of 772,453. The stock’s 50 day simple moving average is $23.19 and its 200-day simple moving average is $23.33. iShares iBonds Dec 2029 Term Corporate ETF has a one year low of $23.02 and a one year high of $23.65.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in IBDU. MTM Investment Management LLC bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 1st quarter valued at about $36,000. Burkett Financial Services LLC bought a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth $49,000. High Note Wealth LLC bought a new position in iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth about $105,000. GAMMA Investing LLC lifted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.4% in the fourth quarter. GAMMA Investing LLC now owns 5,284 shares of the company’s stock valued at $124,000 after buying an additional 452 shares during the last quarter. Finally, BOKF NA acquired a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter worth approximately $126,000.
iShares iBonds Dec 2029 Term Corporate ETF Company Profile
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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