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

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 203,172 shares, a decrease of 46.3% from the June 30th total of 378,310 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 690,335 shares, the short-interest ratio is currently 0.3 days.

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

Institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new position in shares of iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter worth $26,000. BOKF NA purchased a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the 4th quarter valued at about $108,000. Ascentis Independent Advisors purchased a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the 1st quarter valued at about $124,000. Flagship Harbor Advisors LLC bought a new position in shares of iShares iBonds Dec 2028 Term Corporate ETF in the 4th quarter valued at about $131,000. Finally, Bogart Wealth LLC lifted its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 47.0% in the 1st quarter. Bogart Wealth LLC now owns 7,978 shares of the company’s stock valued at $202,000 after acquiring an additional 2,549 shares during the last quarter.

iShares iBonds Dec 2028 Term Corporate ETF Trading Up 0.1%

Shares of IBDT stock traded up $0.02 on Wednesday, reaching $25.20. The company’s stock had a trading volume of 622,282 shares, compared to its average volume of 664,042. The stock’s fifty day simple moving average is $25.20 and its 200-day simple moving average is $25.31. iShares iBonds Dec 2028 Term Corporate ETF has a 1 year low of $25.11 and a 1 year high of $25.74.

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.