iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Short Interest Down 43.8% in January

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 99,705 shares, a drop of 43.8% from the January 15th total of 177,308 shares. Based on an average daily trading volume, of 850,327 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 850,327 shares, the days-to-cover ratio is presently 0.1 days.

iShares iBonds Dec 2028 Term Corporate ETF Stock Up 0.1%

Shares of IBDT stock traded up $0.03 on Friday, hitting $25.53. 568,363 shares of the stock traded hands, compared to its average volume of 788,612. iShares iBonds Dec 2028 Term Corporate ETF has a 52 week low of $24.81 and a 52 week high of $25.76. The firm has a 50 day simple moving average of $25.47 and a two-hundred day simple moving average of $25.47.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 1,585,429 shares of the company’s stock worth $40,293,000 after buying an additional 30,001 shares in the last quarter. RVW Wealth LLC lifted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 11.0% in the 4th quarter. RVW Wealth LLC now owns 1,088,657 shares of the company’s stock valued at $27,712,000 after purchasing an additional 108,285 shares during the last quarter. Captrust Financial Advisors boosted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 46.6% during the third quarter. Captrust Financial Advisors now owns 740,071 shares of the company’s stock worth $18,887,000 after buying an additional 235,224 shares during the period. Rebalance LLC grew its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 86.3% during the 4th quarter. Rebalance LLC now owns 734,069 shares of the company’s stock valued at $18,686,000 after purchasing an additional 340,113 shares during the last quarter. Finally, Arrow Financial Corp lifted its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 3.4% during the fourth quarter. Arrow Financial Corp now owns 563,080 shares of the company’s stock worth $14,333,000 after purchasing an additional 18,609 shares during the last quarter.

About iShares iBonds Dec 2028 Term Corporate ETF

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.