iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Large Increase in Short Interest
by Kim Johansen · The Markets DailyiShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 260,371 shares, an increase of 122.5% from the September 15th total of 117,006 shares. Based on an average trading volume of 965,394 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the company. RVW Wealth LLC boosted its position in iShares iBonds Dec 2028 Term Corporate ETF by 4.1% in the 2nd quarter. RVW Wealth LLC now owns 1,206,680 shares of the company’s stock valued at $30,469,000 after buying an additional 47,454 shares during the period. Spinnaker Trust increased its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 12.0% during the first quarter. Spinnaker Trust now owns 547,809 shares of the company’s stock worth $13,876,000 after acquiring an additional 58,546 shares during the period. Peloton Wealth Strategists increased its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 7.0% during the fourth quarter. Peloton Wealth Strategists now owns 390,560 shares of the company’s stock worth $9,942,000 after acquiring an additional 25,600 shares during the period. Parallel Advisors LLC raised its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 5.0% in the first quarter. Parallel Advisors LLC now owns 304,913 shares of the company’s stock valued at $7,723,000 after acquiring an additional 14,400 shares in the last quarter. Finally, Praetorian Wealth Management Inc. raised its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 1.5% in the second quarter. Praetorian Wealth Management Inc. now owns 275,923 shares of the company’s stock valued at $6,967,000 after acquiring an additional 4,106 shares in the last quarter.
iShares iBonds Dec 2028 Term Corporate ETF Stock Performance
Shares of NYSEARCA:IBDT traded up $0.03 during mid-day trading on Thursday, reaching $24.96. 103,119 shares of the company were exchanged, compared to its average volume of 683,637. 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’s 50-day simple moving average is $25.06 and its 200 day simple moving average is $25.17.
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.