iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Short Interest Down 74.3% in May

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 99,324 shares, a drop of 74.3% from the April 30th total of 385,929 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 741,025 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of iShares iBonds Dec 2027 Term Corporate ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBDS. ADG Wealth Management Group LLC acquired a new stake in shares of iShares iBonds Dec 2027 Term Corporate ETF during the 4th quarter worth approximately $576,000. Klaas Financial Asset Advisors LLC grew its holdings in shares of iShares iBonds Dec 2027 Term Corporate ETF by 559.5% during the 4th quarter. Klaas Financial Asset Advisors LLC now owns 75,039 shares of the company’s stock worth $1,822,000 after purchasing an additional 63,660 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of iShares iBonds Dec 2027 Term Corporate ETF by 75.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 112,239 shares of the company’s stock worth $2,730,000 after purchasing an additional 48,208 shares in the last quarter. FourThought Financial Partners LLC grew its holdings in shares of iShares iBonds Dec 2027 Term Corporate ETF by 284.6% during the 3rd quarter. FourThought Financial Partners LLC now owns 34,118 shares of the company’s stock worth $830,000 after purchasing an additional 25,247 shares in the last quarter. Finally, Heartland Bank & Trust Co grew its holdings in shares of iShares iBonds Dec 2027 Term Corporate ETF by 23.8% during the 3rd quarter. Heartland Bank & Trust Co now owns 186,375 shares of the company’s stock worth $4,536,000 after purchasing an additional 35,781 shares in the last quarter.

iShares iBonds Dec 2027 Term Corporate ETF Stock Performance

IBDS traded up $0.02 during midday trading on Friday, reaching $24.25. The company’s stock had a trading volume of 282,327 shares, compared to its average volume of 640,850. The company has a fifty day simple moving average of $24.20 and a 200 day simple moving average of $24.26. iShares iBonds Dec 2027 Term Corporate ETF has a twelve month low of $24.05 and a twelve month high of $24.38.

iShares iBonds Dec 2027 Term Corporate ETF Company Profile

The iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg global index of USD-denominated, investment-grade corporate bonds maturing between December 31, 2026 and December 16, 2027. IBDS was launched on Sep 12, 2017 and is managed by BlackRock.