Short Interest in iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Rises By 194.4%

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 378,310 shares, a growth of 194.4% from the June 15th total of 128,513 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 641,828 shares, the short-interest ratio is presently 0.6 days.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

iShares iBonds Dec 2028 Term Corporate ETF stock traded up $0.03 during trading hours on Tuesday, reaching $25.16. The stock had a trading volume of 420,459 shares, compared to its average volume of 662,897. The company has a fifty day simple moving average of $25.21 and a 200-day simple moving average of $25.33. iShares iBonds Dec 2028 Term Corporate ETF has a 52 week low of $25.11 and a 52 week high of $25.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IBDT. Sunbelt Securities Inc. bought a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter worth approximately $26,000. Burkett Financial Services LLC purchased a new stake in iShares iBonds Dec 2028 Term Corporate ETF in the fourth quarter worth $51,000. BOKF NA bought a new stake in iShares iBonds Dec 2028 Term Corporate ETF in the fourth quarter valued at $108,000. Ascentis Independent Advisors purchased a new position in iShares iBonds Dec 2028 Term Corporate ETF during the 1st quarter valued at $124,000. Finally, Flagship Harbor Advisors LLC purchased a new position in iShares iBonds Dec 2028 Term Corporate ETF during the 4th quarter valued at $131,000.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

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.