iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Short Interest Update

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) saw a large drop in short interest in 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. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 694,766 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of iShares iBonds Dec 2028 Term Corporate ETF

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 277.9% during the 4th quarter. NewEdge Advisors LLC now owns 750,929 shares of the company’s stock worth $19,115,000 after acquiring an additional 552,205 shares during the period. Rebalance LLC lifted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 86.3% during the 4th quarter. Rebalance LLC now owns 734,069 shares of the company’s stock valued at $18,686,000 after purchasing an additional 340,113 shares during the last quarter. Captrust Financial Advisors lifted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 46.6% during the 3rd quarter. Captrust Financial Advisors now owns 740,071 shares of the company’s stock valued at $18,887,000 after purchasing an additional 235,224 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares iBonds Dec 2028 Term Corporate ETF by 14,318.6% during the third quarter. JPMorgan Chase & Co. now owns 194,651 shares of the company’s stock worth $4,968,000 after purchasing an additional 193,301 shares during the period. Finally, Align Financial LLC bought a new position in iShares iBonds Dec 2028 Term Corporate ETF during the fourth quarter worth $3,092,000.

iShares iBonds Dec 2028 Term Corporate ETF Stock Down 0.4%

Shares of IBDT stock traded down $0.10 on Wednesday, reaching $25.15. The stock had a trading volume of 475,707 shares, compared to its average volume of 658,575. The firm’s 50-day moving average is $25.24 and its two-hundred day moving average is $25.35. iShares iBonds Dec 2028 Term Corporate ETF has a 12 month low of $25.14 and a 12 month high of $25.74.

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.