iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Sees Significant Decrease in Short Interest

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 40,996 shares, a drop of 83.9% from the September 30th total of 255,116 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 795,039 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On iShares iBonds Dec 2027 Term Corporate ETF

Several institutional investors have recently added to or reduced their stakes in IBDS. RVW Wealth LLC raised its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 4.5% during the second quarter. RVW Wealth LLC now owns 1,272,324 shares of the company’s stock worth $30,816,000 after acquiring an additional 54,404 shares in the last quarter. Rebalance LLC grew its stake in iShares iBonds Dec 2027 Term Corporate ETF by 1.0% in the third quarter. Rebalance LLC now owns 721,187 shares of the company’s stock valued at $17,395,000 after acquiring an additional 6,897 shares during the period. Spinnaker Trust boosted its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 16.0% in the 1st quarter. Spinnaker Trust now owns 680,902 shares of the company’s stock worth $16,505,000 after buying an additional 93,956 shares during the last quarter. Praetorian Wealth Management Inc. increased its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 3.4% during the 3rd quarter. Praetorian Wealth Management Inc. now owns 294,366 shares of the company’s stock worth $7,100,000 after purchasing an additional 9,657 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 8.7% in the first quarter. Parallel Advisors LLC now owns 283,652 shares of the company’s stock worth $6,876,000 after purchasing an additional 22,629 shares in the last quarter.

iShares iBonds Dec 2027 Term Corporate ETF Stock Performance

IBDS stock traded up $0.01 during midday trading on Tuesday, hitting $24.14. 196,321 shares of the company’s stock were exchanged, compared to its average volume of 634,737. The stock’s fifty day moving average price is $24.13 and its 200-day moving average price is $24.20. iShares iBonds Dec 2027 Term Corporate ETF has a one year low of $24.03 and a one year high of $24.38.

About iShares iBonds Dec 2027 Term Corporate ETF

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.