Short Interest in iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Rises By 194.4%

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 378,310 shares, an increase of 194.4% from the June 15th total of 128,513 shares. Based on an average daily volume of 641,828 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are short sold.

iShares iBonds Dec 2028 Term Corporate ETF Stock Down 0.1%

Shares of iShares iBonds Dec 2028 Term Corporate ETF stock traded down $0.02 on Monday, reaching $25.13. The company’s stock had a trading volume of 664,656 shares, compared to its average volume of 664,741. iShares iBonds Dec 2028 Term Corporate ETF has a 52 week low of $25.11 and a 52 week high of $25.74. The firm’s fifty day simple moving average is $25.21 and its two-hundred day simple moving average is $25.34.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 1.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,585,429 shares of the company’s stock valued at $40,293,000 after acquiring an additional 30,001 shares during the last quarter. RVW Wealth LLC raised its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 4.1% during the second quarter. RVW Wealth LLC now owns 1,206,680 shares of the company’s stock valued at $30,469,000 after purchasing an additional 47,454 shares during the last quarter. Captrust Financial Advisors lifted its position in iShares iBonds Dec 2028 Term Corporate ETF by 17.5% during the fourth quarter. Captrust Financial Advisors now owns 869,275 shares of the company’s stock valued at $22,127,000 after purchasing an additional 129,204 shares during the period. NewEdge Advisors LLC lifted its position in iShares iBonds Dec 2028 Term Corporate ETF by 277.9% during the fourth quarter. NewEdge Advisors LLC now owns 750,929 shares of the company’s stock valued at $19,115,000 after purchasing an additional 552,205 shares during the period. Finally, Rebalance LLC boosted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 86.3% in the fourth quarter. Rebalance LLC now owns 734,069 shares of the company’s stock worth $18,686,000 after purchasing an additional 340,113 shares during the last quarter.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

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.