Short Interest in iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Expands By 76.4%

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 219,663 shares, a growth of 76.4% from the August 15th total of 124,518 shares. Based on an average trading volume of 453,684 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Corporate ETF

A number of hedge funds have recently made changes to their positions in IBDS. Ascentis Independent Advisors bought a new position in iShares iBonds Dec 2027 Term Corporate ETF during the first quarter worth $85,000. NBH Bank bought a new stake in iShares iBonds Dec 2027 Term Corporate ETF during the second quarter valued at $85,000. Front Row Advisors LLC grew its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 39.3% during the 1st quarter. Front Row Advisors LLC now owns 5,850 shares of the company’s stock worth $142,000 after acquiring an additional 1,650 shares during the period. Bogart Wealth LLC raised its position in shares of iShares iBonds Dec 2027 Term Corporate ETF by 47.6% in the 1st quarter. Bogart Wealth LLC now owns 8,285 shares of the company’s stock worth $201,000 after acquiring an additional 2,673 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new position in shares of iShares iBonds Dec 2027 Term Corporate ETF in the 1st quarter valued at about $234,000.

iShares iBonds Dec 2027 Term Corporate ETF Price Performance

Shares of IBDS stock traded up $0.01 during trading hours on Wednesday, hitting $24.12. 706,190 shares of the company’s stock traded hands, compared to its average volume of 615,701. The stock’s 50 day simple moving average is $24.16 and its 200 day simple moving average is $24.19. iShares iBonds Dec 2027 Term Corporate ETF has a 12 month low of $24.11 and a 12 month 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.