iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Short Interest Down 43.8% in January

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 99,705 shares, a drop of 43.8% from the January 15th total of 177,308 shares. Based on an average daily trading volume, of 850,327 shares, the days-to-cover ratio is presently 0.1 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 daily trading volume, of 850,327 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Lyell Wealth Management LP lifted its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 5.4% in the 2nd quarter. Lyell Wealth Management LP now owns 373,853 shares of the company’s stock worth $9,503,000 after purchasing an additional 19,115 shares during the period. Princeton Global Asset Management LLC lifted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 1.1% in the second quarter. Princeton Global Asset Management LLC now owns 45,205 shares of the company’s stock worth $1,149,000 after buying an additional 505 shares during the period. Sonata Capital Group Inc. lifted its position in iShares iBonds Dec 2028 Term Corporate ETF by 76.5% during the second quarter. Sonata Capital Group Inc. now owns 157,719 shares of the company’s stock valued at $4,009,000 after buying an additional 68,374 shares during the period. Leavell Investment Management Inc. lifted its position in iShares iBonds Dec 2028 Term Corporate ETF by 5.3% during the 2nd quarter. Leavell Investment Management Inc. now owns 107,475 shares of the company’s stock valued at $2,732,000 after acquiring an additional 5,388 shares during the period. Finally, Bank of Jackson Hole Trust boosted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 31.9% during the second 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 in the last quarter.

iShares iBonds Dec 2028 Term Corporate ETF Trading Up 0.1%

IBDT traded up $0.03 during trading on Friday, hitting $25.53. 568,363 shares of the stock traded hands, compared to its average volume of 788,612. iShares iBonds Dec 2028 Term Corporate ETF has a 12-month low of $24.81 and a 12-month high of $25.76. The firm has a 50-day moving average of $25.47 and a 200 day moving average of $25.47.

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.