iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Shares Shorted: Short Interest Up 151.5% in October

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

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

iShares iBonds Dec 2033 Term Corporate ETF stock traded up $0.05 during mid-day trading on Friday, reaching $24.88. 300,868 shares of the company were exchanged, compared to its average volume of 251,334. The company has a fifty day simple moving average of $24.84 and a 200-day simple moving average of $25.57. iShares iBonds Dec 2033 Term Corporate ETF has a 12 month low of $24.28 and a 12 month high of $26.48.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Sterling Investment Advisors Ltd. lifted its position 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 buying an additional 975 shares during the last quarter. Ballast Advisors LLC acquired a new position in iShares iBonds Dec 2033 Term Corporate ETF during the first quarter worth about $30,000. Montecito Bank & Trust lifted its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 4.5% in the third quarter. Montecito Bank & Trust now owns 34,545 shares of the company’s stock worth $846,000 after acquiring an additional 1,501 shares during the last quarter. Evergreen Private Wealth LLC lifted its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 1.4% in the first quarter. Evergreen Private Wealth LLC now owns 135,299 shares of the company’s stock worth $3,497,000 after acquiring an additional 1,928 shares during the last quarter. Finally, Parallel Advisors LLC boosted 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 in 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.