iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Shares Shorted: Short Interest Down 83.9% in October

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 40,996 shares, a decline of 83.9% from the September 30th total of 255,116 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 795,039 shares, the short-interest ratio is presently 0.1 days.

iShares iBonds Dec 2027 Term Corporate ETF Stock Performance

IBDS traded up $0.01 during trading on Thursday, hitting $24.16. 857,027 shares of the company’s stock traded hands, compared to its average volume of 637,100. iShares iBonds Dec 2027 Term Corporate ETF has a 12-month low of $24.03 and a 12-month high of $24.37. The company’s 50 day simple moving average is $24.13 and its two-hundred day simple moving average is $24.19.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Spinnaker Trust increased its holdings in shares of iShares iBonds Dec 2027 Term Corporate ETF by 16.0% in the 1st quarter. Spinnaker Trust now owns 680,902 shares of the company’s stock valued at $16,505,000 after acquiring an additional 93,956 shares during the period. RVW Wealth LLC lifted its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 4.5% during the 2nd quarter. RVW Wealth LLC now owns 1,272,324 shares of the company’s stock worth $30,816,000 after purchasing an additional 54,404 shares during the last quarter. Beaumont Financial Advisors LLC bought a new stake in iShares iBonds Dec 2027 Term Corporate ETF during the first quarter valued at about $1,201,000. Roble Belko & Company Inc boosted its position in iShares iBonds Dec 2027 Term Corporate ETF by 42.1% during the second quarter. Roble Belko & Company Inc now owns 118,468 shares of the company’s stock valued at $2,869,000 after purchasing an additional 35,097 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of iShares iBonds Dec 2027 Term Corporate ETF during the 1st quarter worth approximately $757,000.

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.