iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Short Interest Update

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 177,308 shares, a drop of 66.0% from the December 31st total of 522,186 shares. Based on an average trading volume of 861,048 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 861,048 shares, the days-to-cover ratio is presently 0.2 days.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

iShares iBonds Dec 2028 Term Corporate ETF stock remained flat at $25.51 during mid-day trading on Wednesday. 548,364 shares of the company’s stock were exchanged, compared to its average volume of 833,687. iShares iBonds Dec 2028 Term Corporate ETF has a fifty-two week low of $24.81 and a fifty-two week high of $25.76. The stock’s 50-day moving average price is $25.46 and its 200 day moving average price is $25.46.

Institutional Trading of iShares iBonds Dec 2028 Term Corporate ETF

A number of hedge funds have recently bought and sold shares of IBDT. Sarver Vrooman Wealth Advisors boosted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 5.5% in the 3rd quarter. Sarver Vrooman Wealth Advisors now owns 8,956 shares of the company’s stock worth $229,000 after buying an additional 464 shares during the period. Princeton Global Asset Management LLC raised its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 1.1% during the 2nd quarter. Princeton Global Asset Management LLC now owns 45,205 shares of the company’s stock valued at $1,149,000 after buying an additional 505 shares in the last quarter. First Fiduciary Investment Counsel Inc. lifted its position in iShares iBonds Dec 2028 Term Corporate ETF by 0.9% in the third quarter. First Fiduciary Investment Counsel Inc. now owns 61,105 shares of the company’s stock worth $1,559,000 after buying an additional 520 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 5.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,541 shares of the company’s stock worth $269,000 after purchasing an additional 541 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 2.7% during the third quarter. Thoroughbred Financial Services LLC now owns 26,602 shares of the company’s stock valued at $678,000 after buying an additional 699 shares during the period.

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.