Short Interest in iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Increases By 124.4%

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 102,447 shares, an increase of 124.4% from the May 14th total of 45,660 shares. Based on an average daily volume of 176,837 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

Shares of NYSEARCA IBDY opened at $25.70 on Monday. iShares iBonds Dec 2033 Term Corporate ETF has a 1-year low of $25.42 and a 1-year high of $26.52. The stock has a fifty day simple moving average of $25.79 and a two-hundred day simple moving average of $26.01.

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

Large investors have recently made changes to their positions in the stock. Bogart Wealth LLC boosted its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 431.5% in the first quarter. Bogart Wealth LLC now owns 3,040 shares of the company’s stock worth $79,000 after acquiring an additional 2,468 shares during the period. Jupiter Wealth Management LLC bought a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF in the second quarter worth $120,000. 10Elms LLP boosted its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 275.0% in the third quarter. 10Elms LLP now owns 5,250 shares of the company’s stock worth $138,000 after acquiring an additional 3,850 shares during the period. Dearborn Partners LLC bought a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF in the fourth quarter worth $206,000. Finally, Bessemer Group Inc. bought a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF in 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.