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

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 499,857 shares, an increase of 259.2% from the October 15th total of 139,169 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 787,410 shares, the days-to-cover ratio is currently 0.6 days.

iShares iBonds Dec 2028 Term Corporate ETF Stock Up 0.1%

NYSEARCA IBDT traded up $0.02 on Friday, reaching $24.92. The company had a trading volume of 668,428 shares, compared to its average volume of 694,696. iShares iBonds Dec 2028 Term Corporate ETF has a 1 year low of $24.85 and a 1 year high of $25.74. The firm has a 50-day moving average of $24.98 and a 200-day moving average of $25.20.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Institutional investors have recently modified their holdings of the company. Reliant Wealth Planning grew its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 0.9% in the first quarter. Reliant Wealth Planning now owns 68,697 shares of the company’s stock worth $1,740,000 after acquiring an additional 588 shares during the last quarter. Valley Wealth Managers Inc. lifted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 1.8% in the first quarter. Valley Wealth Managers Inc. now owns 47,794 shares of the company’s stock valued at $1,211,000 after buying an additional 841 shares in the last quarter. Pension & Wealth Management Advisors Inc. bought a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF in the third quarter worth $25,000. Farmers National Bank increased its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 2.4% during the first quarter. Farmers National Bank now owns 47,990 shares of the company’s stock worth $1,216,000 after buying an additional 1,118 shares during the last quarter. Finally, Montecito Bank & Trust boosted its position in iShares iBonds Dec 2028 Term Corporate ETF by 2.5% during the third quarter. Montecito Bank & Trust now owns 56,897 shares of the company’s stock worth $1,420,000 after purchasing an additional 1,361 shares during the period.

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.