iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Shares Shorted: Short Interest Up 122.5% in September

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 260,371 shares, a growth of 122.5% from the September 15th total of 117,006 shares. Based on an average daily volume of 965,394 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Adirondack Trust Co. grew its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 8.1% during the third quarter. Adirondack Trust Co. now owns 133,103 shares of the company’s stock valued at $3,321,000 after buying an additional 9,991 shares during the last quarter. Bullock Wealth Management Group bought a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the third quarter valued at approximately $1,585,000. GAMMA Investing LLC purchased a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter worth approximately $318,000. Farther Finance Advisors LLC purchased a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter worth approximately $1,417,000. Finally, Bank of New Hampshire purchased a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter worth approximately $328,000.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

NYSEARCA:IBDT remained flat at $24.94 on Wednesday. 867,844 shares of the company’s stock were exchanged, compared to its average volume of 687,005. iShares iBonds Dec 2028 Term Corporate ETF has a 1-year low of $24.85 and a 1-year high of $25.74. The stock’s 50 day moving average is $25.06 and its two-hundred day moving average is $25.17.

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.