Short Interest in iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Drops By 88.0%

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 100,154 shares, a decline of 88.0% from the August 15th total of 832,904 shares. Based on an average trading volume of 207,229 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares iBonds Dec 2033 Term Corporate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC bought a new stake in iShares iBonds Dec 2033 Term Corporate ETF during the second quarter valued at approximately $739,000. Ballast Advisors LLC purchased a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF during the 1st quarter worth $30,000. Parallel Advisors LLC grew its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 1.0% during the 1st quarter. Parallel Advisors LLC now owns 213,017 shares of the company’s stock valued at $5,506,000 after acquiring an additional 2,184 shares during the period. Bessemer Group Inc. bought a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF during the 1st quarter valued at $241,000. Finally, Sterling Investment Advisors Ltd. increased its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 4.3% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 23,740 shares of the company’s stock worth $614,000 after purchasing an additional 975 shares in the last quarter.

iShares iBonds Dec 2033 Term Corporate ETF Stock Down 0.1%

IBDY stock traded down $0.01 during trading on Friday, reaching $24.89. The stock had a trading volume of 95,288 shares, compared to its average volume of 253,624. The stock’s 50 day moving average is $25.36 and its two-hundred day moving average is $25.67. iShares iBonds Dec 2033 Term Corporate ETF has a 52 week low of $24.89 and a 52 week high of $26.52.

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.