Short Interest in iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Rises By 544.7%

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 280,137 shares, a growth of 544.7% from the June 15th total of 43,453 shares. Based on an average daily volume of 566,506 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Corporate ETF

Hedge funds have recently added to or reduced their stakes in the company. Birchwood Financial Partners Inc. purchased a new stake in iShares iBonds Dec 2027 Term Corporate ETF during the 4th quarter valued at $50,000. Burkett Financial Services LLC purchased a new position in shares of iShares iBonds Dec 2027 Term Corporate ETF in the fourth quarter worth $61,000. Ascentis Independent Advisors bought a new position in shares of iShares iBonds Dec 2027 Term Corporate ETF during the first quarter valued at $85,000. Front Row Advisors LLC boosted its position in shares of iShares iBonds Dec 2027 Term Corporate ETF by 250.0% during the third quarter. Front Row Advisors LLC now owns 4,200 shares of the company’s stock valued at $102,000 after buying an additional 3,000 shares during the last quarter. Finally, BOKF NA bought a new stake in iShares iBonds Dec 2027 Term Corporate ETF in the 4th quarter worth about $126,000.

iShares iBonds Dec 2027 Term Corporate ETF Stock Performance

NYSEARCA:IBDS remained flat at $24.15 on Monday. 184,402 shares of the company’s stock were exchanged, compared to its average volume of 638,178. iShares iBonds Dec 2027 Term Corporate ETF has a 1-year low of $24.11 and a 1-year high of $24.38. The stock’s 50 day moving average is $24.18 and its two-hundred day moving average is $24.23.

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.