Short Interest in iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Decreases By 55.8%

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 128,513 shares, a decline of 55.8% from the May 31st total of 290,766 shares. Based on an average daily trading volume, of 694,766 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

iShares iBonds Dec 2028 Term Corporate ETF stock opened at $25.25 on Monday. The firm has a 50 day simple moving average of $25.24 and a 200-day simple moving average of $25.35. iShares iBonds Dec 2028 Term Corporate ETF has a 12-month low of $25.14 and a 12-month high of $25.74.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBDT. Ameriprise Financial Inc. boosted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 1.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,585,429 shares of the company’s stock valued at $40,293,000 after purchasing an additional 30,001 shares in the last quarter. Captrust Financial Advisors increased its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 10.5% during the 2nd quarter. Captrust Financial Advisors now owns 504,847 shares of the company’s stock valued at $12,833,000 after purchasing an additional 47,793 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 14,318.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 194,651 shares of the company’s stock worth $4,968,000 after buying an additional 193,301 shares in the last quarter. 10Elms LLP raised its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 2.9% in the 3rd quarter. 10Elms LLP now owns 46,656 shares of the company’s stock worth $1,191,000 after buying an additional 1,300 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 5.7% in the third quarter. Parallel Advisors LLC now owns 259,183 shares of the company’s stock valued at $6,614,000 after buying an additional 13,955 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.