iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Short Interest Up 197.3% in May

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 290,766 shares, a growth of 197.3% from the May 14th total of 97,813 shares. Based on an average daily volume of 583,590 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

Shares of IBDT opened at $25.22 on Friday. iShares iBonds Dec 2028 Term Corporate ETF has a 12-month low of $25.14 and a 12-month high of $25.74. The firm has a 50-day moving average price of $25.26 and a 200 day moving average price of $25.37.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC boosted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 5.4% during the third quarter. Prime Capital Investment Advisors LLC now owns 10,541 shares of the company’s stock worth $269,000 after buying an additional 541 shares during the period. Reliant Wealth Planning boosted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 0.8% during the fourth quarter. Reliant Wealth Planning now owns 68,109 shares of the company’s stock worth $1,734,000 after buying an additional 542 shares during the period. American Trust boosted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 2.7% during the fourth quarter. American Trust now owns 21,548 shares of the company’s stock worth $549,000 after buying an additional 563 shares during the period. Mosaic Family Wealth Partners LLC boosted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 4.1% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 14,708 shares of the company’s stock worth $374,000 after buying an additional 575 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 2.7% during the third quarter. Thoroughbred Financial Services LLC now owns 26,602 shares of the company’s stock worth $678,000 after buying an additional 699 shares during the period.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

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.