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

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

iShares iBonds Dec 2033 Term Corporate ETF Stock Up 0.5%

Shares of IBDY stock traded up $0.12 on Tuesday, hitting $25.45. The company’s stock had a trading volume of 191,918 shares, compared to its average volume of 256,915. 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. The firm’s fifty day moving average price is $25.49 and its 200-day moving average price is $25.76.

Institutional Trading of iShares iBonds Dec 2033 Term Corporate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 18,185.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 146,649 shares of the company’s stock worth $3,799,000 after acquiring an additional 145,847 shares in the last quarter. Jupiter Wealth Management LLC acquired a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF during the 2nd quarter valued at about $120,000. Ameriprise Financial Inc. raised its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 1,637.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 175,946 shares of the company’s stock valued at $4,559,000 after acquiring an additional 165,821 shares in the last quarter. Arrow Financial Corp raised its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 0.8% in the 4th quarter. Arrow Financial Corp now owns 555,895 shares of the company’s stock valued at $14,531,000 after acquiring an additional 4,543 shares in the last quarter. Finally, Gradient Capital Advisors LLC lifted its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 19.6% in the 4th quarter. Gradient Capital Advisors LLC now owns 16,333 shares of the company’s stock worth $427,000 after purchasing an additional 2,675 shares during the last quarter.

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.