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

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT – Get Free Report) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 139,169 shares, a decrease of 46.5% from the September 30th total of 260,371 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,064,659 shares, the days-to-cover ratio is currently 0.1 days.

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

Large investors have recently added to or reduced their stakes in the stock. RVW Wealth LLC lifted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 4.1% in the second quarter. RVW Wealth LLC now owns 1,206,680 shares of the company’s stock worth $30,469,000 after buying an additional 47,454 shares during the last quarter. Rebalance LLC acquired a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter valued at $17,223,000. Lyell Wealth Management LP acquired a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter valued at $13,937,000. Parallel Advisors LLC raised its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 5.0% in the 1st quarter. Parallel Advisors LLC now owns 304,913 shares of the company’s stock worth $7,723,000 after acquiring an additional 14,400 shares during the period. Finally, Praetorian Wealth Management Inc. bought a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter worth $7,131,000.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

Shares of NYSEARCA IBDT traded down $0.10 during mid-day trading on Monday, reaching $24.95. 677,824 shares of the company traded hands, compared to its average volume of 691,720. The company’s fifty day moving average is $25.01 and its two-hundred day moving average is $25.22. iShares iBonds Dec 2028 Term Corporate ETF has a fifty-two week low of $24.85 and a fifty-two week high of $25.74.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

(Get Free Report)

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.

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