iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Sees Large Decline in Short Interest

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 26,892 shares, a drop of 73.1% from the August 31st total of 100,154 shares. Based on an average trading volume of 232,393 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

iShares iBonds Dec 2033 Term Corporate ETF Trading Up 0.2%

Shares of iShares iBonds Dec 2033 Term Corporate ETF stock traded up $0.04 on Friday, hitting $24.64. 301,610 shares of the company traded hands, compared to its average volume of 249,674. iShares iBonds Dec 2033 Term Corporate ETF has a 12-month low of $24.55 and a 12-month high of $26.52. The company has a 50-day moving average price of $25.20 and a 200 day moving average price of $25.56.

Institutional Investors Weigh In On iShares iBonds Dec 2033 Term Corporate ETF

Several institutional investors have recently made changes to their positions in IBDY. 10Elms LLP raised its position in iShares iBonds Dec 2033 Term Corporate ETF by 12.4% during the fourth quarter. 10Elms LLP now owns 5,900 shares of the company’s stock valued at $154,000 after acquiring an additional 650 shares in the last quarter. Sterling Investment Advisors Ltd. increased its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 4.3% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 23,740 shares of the company’s stock worth $614,000 after purchasing an additional 975 shares during the last quarter. Ballast Advisors LLC bought a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF during the 1st quarter valued at $30,000. Evergreen Private Wealth LLC raised its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 1.4% during the 1st quarter. Evergreen Private Wealth LLC now owns 135,299 shares of the company’s stock valued at $3,497,000 after purchasing an additional 1,928 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 1.0% in the 1st quarter. Parallel Advisors LLC now owns 213,017 shares of the company’s stock valued at $5,506,000 after purchasing an additional 2,184 shares during the last quarter.

About iShares iBonds Dec 2033 Term Corporate ETF

The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2033, and December 15, 2033. IBDY was launched on Jun 21, 2023 and is managed by BlackRock.