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

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 280,137 shares, an increase of 544.7% from the June 15th total of 43,453 shares. Based on an average trading volume of 566,506 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

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

Institutional investors have recently made changes to their positions in the stock. Birchwood Financial Partners Inc. bought a new stake in iShares iBonds Dec 2027 Term Corporate ETF in the fourth quarter valued at about $50,000. Burkett Financial Services LLC bought a new position in iShares iBonds Dec 2027 Term Corporate ETF during the fourth quarter worth about $61,000. Ascentis Independent Advisors bought a new position in iShares iBonds Dec 2027 Term Corporate ETF during the first quarter worth about $85,000. Front Row Advisors LLC grew its position in shares of iShares iBonds Dec 2027 Term Corporate ETF by 250.0% during the 3rd quarter. Front Row Advisors LLC now owns 4,200 shares of the company’s stock worth $102,000 after buying an additional 3,000 shares during the period. Finally, BOKF NA acquired a new position in shares of iShares iBonds Dec 2027 Term Corporate ETF during the 4th quarter worth about $126,000.

iShares iBonds Dec 2027 Term Corporate ETF Price Performance

IBDS traded up $0.01 during trading on Friday, reaching $24.15. 407,025 shares of the company’s stock were exchanged, compared to its average volume of 641,835. The company’s fifty day moving average price is $24.18 and its 200-day moving average price is $24.23. iShares iBonds Dec 2027 Term Corporate ETF has a fifty-two week low of $24.11 and a fifty-two week 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.