iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Stock Short Interest Jumps 122.5%

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 260,371 shares, a growth of 122.5% from the September 15th total of 117,006 shares. Based on an average daily volume of 965,394 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

iShares iBonds Dec 2028 Term Corporate ETF Stock Down 0.0%

iShares iBonds Dec 2028 Term Corporate ETF stock opened at $24.95 on Tuesday. iShares iBonds Dec 2028 Term Corporate ETF has a 1-year low of $24.85 and a 1-year high of $25.74. The company has a fifty day simple moving average of $25.07 and a 200 day simple moving average of $25.17.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Miller Global Investments LLC bought a new position in shares of iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter valued at $50,000. Burkett Financial Services LLC acquired a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the 3rd quarter valued at $51,000. Ascentis Independent Advisors bought a new stake in iShares iBonds Dec 2028 Term Corporate ETF during the 1st quarter worth $124,000. Bogart Wealth LLC grew its position in iShares iBonds Dec 2028 Term Corporate ETF by 47.0% during the 1st quarter. Bogart Wealth LLC now owns 7,978 shares of the company’s stock worth $202,000 after acquiring an additional 2,549 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 1st quarter worth about $235,000.

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.