iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Large Increase in Short Interest

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 364,920 shares, a growth of 30.6% from the February 12th total of 279,317 shares. Based on an average daily volume of 541,924 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 541,924 shares, the days-to-cover ratio is currently 0.7 days.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

Shares of IBDT stock traded down $0.01 during trading hours on Friday, reaching $25.27. 868,612 shares of the company’s stock were exchanged, compared to its average volume of 751,329. iShares iBonds Dec 2028 Term Corporate ETF has a fifty-two week low of $24.81 and a fifty-two week high of $25.76. The stock’s 50 day moving average is $25.47 and its 200-day moving average is $25.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBDT. Farmers National Bank raised its stake in iShares iBonds Dec 2028 Term Corporate ETF by 2.0% in the fourth quarter. Farmers National Bank now owns 46,872 shares of the company’s stock valued at $1,193,000 after buying an additional 937 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 277.9% in the fourth 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 in the last quarter. Align Financial LLC purchased a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the fourth quarter worth about $3,092,000. American Trust grew its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 2.7% during the fourth quarter. American Trust now owns 21,548 shares of the company’s stock worth $549,000 after acquiring an additional 563 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 27.9% during the fourth quarter. Advisory Services Network LLC now owns 18,242 shares of the company’s stock valued at $464,000 after acquiring an additional 3,976 shares in 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.