iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Short Interest Down 79.6% in June

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 43,453 shares, a drop of 79.6% from the May 31st total of 212,948 shares. Based on an average trading volume of 557,250 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of iShares iBonds Dec 2027 Term Corporate ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 29.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 140,976 shares of the company’s stock valued at $3,422,000 after acquiring an additional 31,756 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of iShares iBonds Dec 2027 Term Corporate ETF in the second quarter valued at approximately $266,000. Ameriprise Financial Inc. increased its stake in iShares iBonds Dec 2027 Term Corporate ETF by 18.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,501,886 shares of the company’s stock worth $36,442,000 after buying an additional 236,150 shares during the period. Captrust Financial Advisors boosted its position in iShares iBonds Dec 2027 Term Corporate ETF by 8.7% in the 2nd quarter. Captrust Financial Advisors now owns 767,151 shares of the company’s stock valued at $18,619,000 after buying an additional 61,365 shares during the period. Finally, Cary Street Partners Financial LLC grew its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 10.7% in the third quarter. Cary Street Partners Financial LLC now owns 53,283 shares of the company’s stock worth $1,297,000 after acquiring an additional 5,137 shares in the last quarter.

iShares iBonds Dec 2027 Term Corporate ETF Price Performance

IBDS stock remained flat at $24.22 during trading on Monday. 363,072 shares of the company’s stock were exchanged, compared to its average volume of 627,997. The stock has a 50-day simple moving average of $24.20 and a 200 day simple moving average of $24.24. iShares iBonds Dec 2027 Term Corporate ETF has a one year low of $24.11 and a one year high of $24.38.

About iShares iBonds Dec 2027 Term Corporate ETF

The iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg global index of USD-denominated, investment-grade corporate bonds maturing between December 31, 2026 and December 16, 2027. IBDS was launched on Sep 12, 2017 and is managed by BlackRock.