iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Short Interest Update

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 212,948 shares, an increase of 114.4% from the May 14th total of 99,324 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 491,927 shares, the days-to-cover ratio is presently 0.4 days.

iShares iBonds Dec 2027 Term Corporate ETF Stock Performance

IBDS remained flat at $24.17 during trading on Friday. The company’s stock had a trading volume of 470,427 shares, compared to its average volume of 635,572. The firm’s 50 day simple moving average is $24.20 and its 200 day simple moving average is $24.25. iShares iBonds Dec 2027 Term Corporate ETF has a twelve month low of $24.11 and a twelve month high of $24.38.

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

A number of institutional investors have recently added to or reduced their stakes in IBDS. JPMorgan Chase & Co. raised its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 29.1% in the second quarter. JPMorgan Chase & Co. now owns 140,976 shares of the company’s stock worth $3,422,000 after purchasing an additional 31,756 shares in the last quarter. Flow Traders U.S. LLC bought a new position in iShares iBonds Dec 2027 Term Corporate ETF in the second quarter worth $266,000. Ameriprise Financial Inc. raised its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 18.7% in the second quarter. Ameriprise Financial Inc. now owns 1,501,886 shares of the company’s stock worth $36,442,000 after purchasing an additional 236,150 shares in the last quarter. Captrust Financial Advisors raised its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 8.7% in the second quarter. Captrust Financial Advisors now owns 767,151 shares of the company’s stock worth $18,619,000 after purchasing an additional 61,365 shares in the last quarter. Finally, Lyell Wealth Management LP raised its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 8.5% in the third quarter. Lyell Wealth Management LP now owns 444,280 shares of the company’s stock worth $10,814,000 after purchasing an additional 34,930 shares in the last quarter.

About iShares iBonds Dec 2027 Term Corporate ETF

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.