iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Short Interest Up 197.3% in May

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 290,766 shares, an increase of 197.3% from the May 14th total of 97,813 shares. Based on an average daily trading volume, of 583,590 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

IBDT remained flat at $25.22 during trading on Friday. 605,262 shares of the company’s stock traded hands, compared to its average volume of 663,992. The firm’s fifty day moving average price is $25.26 and its 200 day moving average price is $25.37. iShares iBonds Dec 2028 Term Corporate ETF has a 1 year low of $25.14 and a 1 year high of $25.74.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBDT. Ameriprise Financial Inc. raised its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 1.9% during the second quarter. Ameriprise Financial Inc. now owns 1,585,429 shares of the company’s stock worth $40,293,000 after buying an additional 30,001 shares during the last quarter. Captrust Financial Advisors raised its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 10.5% during the second quarter. Captrust Financial Advisors now owns 504,847 shares of the company’s stock worth $12,833,000 after buying an additional 47,793 shares during the last quarter. Prime Capital Investment Advisors LLC raised its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 5.4% during the third quarter. Prime Capital Investment Advisors LLC now owns 10,541 shares of the company’s stock worth $269,000 after buying an additional 541 shares during the last quarter. Lyell Wealth Management LP raised its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 7.9% during the third quarter. Lyell Wealth Management LP now owns 403,365 shares of the company’s stock worth $10,294,000 after buying an additional 29,512 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings 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 buying an additional 193,301 shares during the last quarter.

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.