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

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) was the target of a significant drop in short interest during 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. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 232,393 shares, the short-interest ratio is presently 0.1 days.

iShares iBonds Dec 2033 Term Corporate ETF Trading Up 0.2%

Shares of NYSEARCA:IBDY opened at $24.64 on Friday. iShares iBonds Dec 2033 Term Corporate ETF has a 1-year low of $24.55 and a 1-year high of $26.52. The firm has a fifty day moving average price of $25.20 and a 200 day moving average price of $25.56.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IBDY. Ballast Advisors LLC acquired a new position in iShares iBonds Dec 2033 Term Corporate ETF during the first quarter worth $30,000. Bogart Wealth LLC boosted its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 431.5% in the 1st quarter. Bogart Wealth LLC now owns 3,040 shares of the company’s stock worth $79,000 after buying an additional 2,468 shares in the last quarter. 10Elms LLP increased its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 12.4% during the 4th 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. Dearborn Partners LLC acquired a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF in the fourth quarter valued at approximately $206,000. Finally, Bessemer Group Inc. purchased a new position in iShares iBonds Dec 2033 Term Corporate ETF during the first quarter worth $241,000.

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.