Short Interest in iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Drops By 12.4%

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 205,261 shares, a drop of 12.4% from the February 12th total of 234,321 shares. Based on an average daily trading volume, of 589,045 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 589,045 shares, the days-to-cover ratio is currently 0.3 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. High Note Wealth LLC bought a new position in iShares iBonds Dec 2030 Term Corporate ETF during the fourth quarter worth about $25,000. CNB Bank purchased a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF in the third quarter worth about $64,000. BOKF NA bought a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF in the fourth quarter valued at approximately $68,000. Valley Wealth Managers Inc. raised its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 240.4% in the fourth quarter. Valley Wealth Managers Inc. now owns 4,531 shares of the company’s stock valued at $100,000 after purchasing an additional 3,200 shares during the period. Finally, Princeton Global Asset Management LLC lifted its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 12.6% during the 3rd quarter. Princeton Global Asset Management LLC now owns 5,452 shares of the company’s stock valued at $121,000 after buying an additional 612 shares in the last quarter.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

Shares of IBDV opened at $21.86 on Thursday. iShares iBonds Dec 2030 Term Corporate ETF has a 1 year low of $21.09 and a 1 year high of $22.41. The stock’s fifty day moving average price is $22.09 and its two-hundred day moving average price is $22.11.

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.