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

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 832,904 shares, an increase of 2,272.7% from the July 30th total of 35,103 shares. Based on an average daily volume of 562,186 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.9% of the shares of the company are sold short.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

Shares of iShares iBonds Dec 2033 Term Corporate ETF stock traded up $0.12 on Tuesday, reaching $25.45. The stock had a trading volume of 191,918 shares, compared to its average volume of 256,915. The business’s 50-day moving average price is $25.49 and its two-hundred day moving average price is $25.76. iShares iBonds Dec 2033 Term Corporate ETF has a fifty-two week low of $25.25 and a fifty-two week high of $26.52.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBDY. Ameriprise Financial Inc. lifted its position in iShares iBonds Dec 2033 Term Corporate ETF by 214.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 553,935 shares of the company’s stock worth $14,530,000 after acquiring an additional 377,989 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 18,185.4% in the second quarter. JPMorgan Chase & Co. now owns 146,649 shares of the company’s stock valued at $3,799,000 after purchasing an additional 145,847 shares during the last quarter. Lyell Wealth Management LP increased its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 46.8% in the fourth quarter. Lyell Wealth Management LP now owns 173,645 shares of the company’s stock worth $4,539,000 after purchasing an additional 55,375 shares during the period. Roble Belko & Company Inc increased its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 1,015.7% in the first quarter. Roble Belko & Company Inc now owns 53,396 shares of the company’s stock worth $1,380,000 after purchasing an additional 48,610 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 8.1% in the first quarter. Janney Montgomery Scott LLC now owns 388,257 shares of the company’s stock worth $10,036,000 after purchasing an additional 29,179 shares during the period.

iShares iBonds Dec 2033 Term Corporate ETF Company Profile

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.