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

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) was the recipient of a significant increase in short interest during 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 trading volume of 176,837 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

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

Institutional investors have recently bought and sold shares of the business. Lyell Wealth Management LP raised its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 31.1% in the third quarter. Lyell Wealth Management LP now owns 118,270 shares of the company’s stock valued at $3,102,000 after acquiring an additional 28,025 shares during the period. Flow Traders U.S. LLC raised its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 660.2% in the third quarter. Flow Traders U.S. LLC now owns 95,031 shares of the company’s stock valued at $2,493,000 after acquiring an additional 82,530 shares during the period. Parallel Advisors LLC raised its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 5.0% in the third quarter. Parallel Advisors LLC now owns 197,867 shares of the company’s stock valued at $5,190,000 after acquiring an additional 9,461 shares during the period. 10Elms LLP raised its stake 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 valued at $138,000 after acquiring an additional 3,850 shares during the period. Finally, Sterling Investment Advisors Ltd. raised its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 25.8% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 22,765 shares of the company’s stock valued at $595,000 after acquiring an additional 4,665 shares during the period.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

IBDY stock traded down $0.04 during trading on Friday, hitting $25.70. 331,767 shares of the company’s stock traded hands, compared to its average volume of 224,448. iShares iBonds Dec 2033 Term Corporate ETF has a 52 week low of $25.42 and a 52 week high of $26.52. The business has a fifty day simple moving average of $25.79 and a 200 day simple moving average of $26.01.

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.