iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Stock Short Interest Jumps 151.5%

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 98,799 shares, a growth of 151.5% from the September 30th total of 39,287 shares. Based on an average daily volume of 276,004 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Arrow Financial Corp bought a new position in iShares iBonds Dec 2033 Term Corporate ETF during the third quarter worth about $14,843,000. Janney Montgomery Scott LLC boosted its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 388,257 shares of the company’s stock valued at $10,036,000 after purchasing an additional 29,179 shares in the last quarter. Parallel Advisors LLC grew its position 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 buying an additional 2,184 shares during the last quarter. Evergreen Private Wealth LLC bought a new stake in iShares iBonds Dec 2033 Term Corporate ETF in the third quarter worth approximately $3,647,000. Finally, Adirondack Trust Co. bought a new stake in iShares iBonds Dec 2033 Term Corporate ETF in the third quarter valued at $2,788,000.

iShares iBonds Dec 2033 Term Corporate ETF Stock Performance

Shares of iShares iBonds Dec 2033 Term Corporate ETF stock traded up $0.03 during trading on Friday, hitting $24.86. The stock had a trading volume of 36,566 shares, compared to its average volume of 249,999. The stock has a 50 day simple moving average of $24.85 and a 200 day simple moving average of $25.57. iShares iBonds Dec 2033 Term Corporate ETF has a 1 year low of $24.28 and a 1 year high of $26.48.

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.