Short Interest in iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Decreases By 55.8%

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 128,513 shares, a drop of 55.8% from the May 31st total of 290,766 shares. Based on an average trading volume of 694,766 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

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

Institutional investors have recently modified their holdings of the company. RVW Wealth LLC boosted its position in iShares iBonds Dec 2028 Term Corporate ETF by 11.0% during the 4th quarter. RVW Wealth LLC now owns 1,088,657 shares of the company’s stock worth $27,712,000 after acquiring an additional 108,285 shares during the period. 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 worth $18,686,000 after purchasing an additional 340,113 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 327.3% during the fourth quarter. Farther Finance Advisors LLC now owns 48,763 shares of the company’s stock valued at $1,241,000 after purchasing an additional 37,351 shares during the period. Roble Belko & Company Inc increased its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 244.6% during the first quarter. Roble Belko & Company Inc now owns 92,430 shares of the company’s stock valued at $2,341,000 after purchasing an additional 65,608 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 12.1% during the fourth quarter. Parallel Advisors LLC now owns 290,513 shares of the company’s stock valued at $7,446,000 after purchasing an additional 31,330 shares in the last quarter.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

Shares of IBDT stock opened at $25.25 on Monday. The business has a 50 day moving average of $25.24 and a two-hundred day moving average of $25.35. iShares iBonds Dec 2028 Term Corporate ETF has a 52 week low of $25.14 and a 52 week high of $25.74.

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.