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

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the recipient of a large 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. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 654,143 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 654,143 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

Shares of IBDT stock traded up $0.02 on Monday, hitting $25.46. 2,180,325 shares of the company’s stock traded hands, compared to its average volume of 618,667. The company’s fifty day simple moving average is $25.47 and its 200 day simple moving average is $25.43. iShares iBonds Dec 2028 Term Corporate ETF has a one year low of $24.78 and a one year high of $25.76.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new stake in iShares iBonds Dec 2028 Term Corporate ETF during the 3rd quarter valued at about $26,000. High Note Wealth LLC purchased a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter worth approximately $28,000. Bank of Jackson Hole Trust raised its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 31.9% in the 2nd quarter. Bank of Jackson Hole Trust now owns 3,850 shares of the company’s stock worth $98,000 after acquiring an additional 932 shares during the last quarter. MTM Investment Management LLC bought a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 2nd quarter valued at approximately $126,000. Finally, Newman Dignan & Sheerar Inc. purchased a new stake in iShares iBonds Dec 2028 Term Corporate ETF during the 2nd quarter valued at $206,000.

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.