iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Short Interest Down 74.3% in May

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 99,324 shares, a decline of 74.3% from the April 30th total of 385,929 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 741,025 shares, the days-to-cover ratio is currently 0.1 days.

iShares iBonds Dec 2027 Term Corporate ETF Trading Up 0.1%

Shares of NYSEARCA:IBDS traded up $0.02 during mid-day trading on Friday, reaching $24.25. 282,327 shares of the company traded hands, compared to its average volume of 640,850. The company’s 50 day moving average price is $24.20 and its 200-day moving average price is $24.26. iShares iBonds Dec 2027 Term Corporate ETF has a 52 week low of $24.05 and a 52 week high of $24.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IBDS. High Note Wealth LLC bought a new position in shares of iShares iBonds Dec 2027 Term Corporate ETF during the 3rd quarter valued at approximately $29,000. Birchwood Financial Partners Inc. bought a new position in iShares iBonds Dec 2027 Term Corporate ETF in the 4th quarter worth approximately $50,000. Burkett Financial Services LLC bought a new position in iShares iBonds Dec 2027 Term Corporate ETF in the 4th quarter worth approximately $61,000. Ascentis Independent Advisors bought a new position in iShares iBonds Dec 2027 Term Corporate ETF in the 1st quarter worth approximately $85,000. Finally, Front Row Advisors LLC boosted its stake in iShares iBonds Dec 2027 Term Corporate ETF by 250.0% in the 3rd quarter. Front Row Advisors LLC now owns 4,200 shares of the company’s stock worth $102,000 after purchasing an additional 3,000 shares during the period.

iShares iBonds Dec 2027 Term Corporate ETF Company Profile

The iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg global index of USD-denominated, investment-grade corporate bonds maturing between December 31, 2026 and December 16, 2027. IBDS was launched on Sep 12, 2017 and is managed by BlackRock.