iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Large Increase in Short Interest

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 278,585 shares, an increase of 81.9% from the November 30th total of 153,133 shares. Based on an average trading volume of 654,143 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 654,143 shares, the days-to-cover ratio is presently 0.4 days.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

Shares of IBDT opened at $25.44 on Friday. iShares iBonds Dec 2028 Term Corporate ETF has a one year low of $24.78 and a one year high of $25.76. The stock has a 50-day moving average price of $25.47 and a 200 day moving average price of $25.43.

Institutional Trading of iShares iBonds Dec 2028 Term Corporate ETF

A number of hedge funds have recently made changes to their positions in IBDT. Integrated Wealth Concepts LLC increased its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 43.8% in the first quarter. Integrated Wealth Concepts LLC now owns 176,718 shares of the company’s stock worth $4,464,000 after buying an additional 53,811 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 1,171.9% during the 1st quarter. Jones Financial Companies Lllp now owns 409,970 shares of the company’s stock worth $10,356,000 after acquiring an additional 377,738 shares in the last quarter. Peloton Wealth Strategists increased its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 13.6% in the 1st quarter. Peloton Wealth Strategists now owns 362,694 shares of the company’s stock worth $9,162,000 after purchasing an additional 43,520 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 89.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 79,165 shares of the company’s stock worth $2,012,000 after purchasing an additional 37,345 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in iShares iBonds Dec 2028 Term Corporate ETF by 8.7% during the second quarter. Parallel Advisors LLC now owns 245,228 shares of the company’s stock valued at $6,234,000 after buying an additional 19,574 shares in 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.