Short Interest in iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Decreases By 47.3%

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 32,558 shares, a drop of 47.3% from the March 31st total of 61,824 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 589,663 shares, the days-to-cover ratio is presently 0.1 days.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

IBDT stock traded down $0.02 during midday trading on Wednesday, hitting $25.31. 89,814 shares of the company’s stock were exchanged, compared to its average volume of 694,750. The business has a 50-day simple moving average of $25.35 and a two-hundred day simple moving average of $25.43. iShares iBonds Dec 2028 Term Corporate ETF has a 1-year low of $25.08 and a 1-year high of $25.74.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

A number of institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 1,585,429 shares of the company’s stock valued at $40,293,000 after buying an additional 30,001 shares in the last quarter. RVW Wealth LLC grew its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 11.0% in the fourth quarter. RVW Wealth LLC now owns 1,088,657 shares of the company’s stock valued at $27,712,000 after buying an additional 108,285 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 17.5% in the fourth quarter. Captrust Financial Advisors now owns 869,275 shares of the company’s stock valued at $22,127,000 after buying an additional 129,204 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 277.9% in the fourth quarter. NewEdge Advisors LLC now owns 750,929 shares of the company’s stock valued at $19,115,000 after buying an additional 552,205 shares in the last quarter. Finally, Rebalance LLC grew its stake in shares of 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 valued at $18,686,000 after buying an additional 340,113 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.