iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Significant Decline in Short Interest
by Doug Wharley · The Cerbat GemiShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 32,558 shares, a decline of 47.3% from the March 31st total of 61,824 shares. Based on an average daily trading volume, of 589,663 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Corporate ETF
Hedge funds have recently bought and sold shares of the business. Harbor Investment Advisory LLC increased its stake in iShares iBonds Dec 2028 Term Corporate ETF by 10.8% in the first quarter. Harbor Investment Advisory LLC now owns 114,633 shares of the company’s stock worth $2,904,000 after purchasing an additional 11,193 shares during the period. Spinnaker Trust lifted 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 purchasing an additional 58,546 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 2.5% during the first quarter. Princeton Global Asset Management LLC now owns 63,200 shares of the company’s stock valued at $1,601,000 after purchasing an additional 1,528 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 141,953 shares of the company’s stock worth $3,596,000 after purchasing an additional 4,124 shares during the last quarter. Finally, ADG Wealth Management Group LLC grew its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 25.2% in the first quarter. ADG Wealth Management Group LLC now owns 25,038 shares of the company’s stock worth $634,000 after purchasing an additional 5,038 shares during the last quarter.
iShares iBonds Dec 2028 Term Corporate ETF Trading Down 0.0%
Shares of IBDT traded down $0.01 during mid-day trading on Monday, reaching $25.35. 603,999 shares of the company’s stock traded hands, compared to its average volume of 705,899. The stock’s 50-day moving average is $25.35 and its two-hundred day moving average is $25.43. iShares iBonds Dec 2028 Term Corporate ETF has a 12 month low of $25.08 and a 12 month high of $25.74.
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.