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

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 203,172 shares, a drop of 46.3% from the June 30th total of 378,310 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 690,335 shares, the short-interest ratio is presently 0.3 days.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

Shares of IBDT traded down $0.02 during midday trading on Friday, hitting $25.19. The company had a trading volume of 474,457 shares, compared to its average volume of 660,581. iShares iBonds Dec 2028 Term Corporate ETF has a 1 year low of $25.11 and a 1 year high of $25.74. The company’s 50-day simple moving average is $25.19 and its 200-day simple moving average is $25.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Reliant Wealth Planning grew its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 0.8% in the 4th quarter. Reliant Wealth Planning now owns 68,109 shares of the company’s stock valued at $1,734,000 after buying an additional 542 shares during the last quarter. American Trust boosted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 2.7% in the fourth quarter. American Trust now owns 21,548 shares of the company’s stock valued at $549,000 after acquiring an additional 563 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 4.1% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 14,708 shares of the company’s stock valued at $374,000 after acquiring an additional 575 shares in the last quarter. Valley Wealth Managers Inc. grew its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 1.8% during the first quarter. Valley Wealth Managers Inc. now owns 47,794 shares of the company’s stock worth $1,211,000 after purchasing an additional 841 shares during the last quarter. Finally, Newman Dignan & Sheerar Inc. grew its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 8.4% during the fourth quarter. Newman Dignan & Sheerar Inc. now owns 10,930 shares of the company’s stock worth $278,000 after purchasing an additional 849 shares during the last quarter.

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.