iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Sees Large Growth in Short Interest

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 303,313 shares, an increase of 195.6% from the May 14th total of 102,600 shares. Currently, 4.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 142,453 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Trading of iShares iBonds 2029 Term High Yield and Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IBHI. Integrated Wealth Concepts LLC boosted its stake in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock worth $1,773,000 after buying an additional 5,200 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% during the third quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock valued at $17,851,000 after purchasing an additional 744,858 shares during the period. Reliant Wealth Planning purchased a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the third quarter valued at approximately $201,000. High Note Wealth LLC purchased a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the fourth quarter valued at approximately $65,000. Finally, Captrust Financial Advisors boosted its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 30.1% during the fourth quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock valued at $383,000 after purchasing an additional 3,750 shares during the period.

iShares iBonds 2029 Term High Yield and Income ETF Stock Performance

IBHI traded up $0.03 during midday trading on Friday, hitting $23.33. The stock had a trading volume of 119,789 shares, compared to its average volume of 135,386. The company has a market cap of $172.64 million, a P/E ratio of 10.62 and a beta of 0.53. The business has a fifty day moving average of $23.40 and a 200 day moving average of $23.50. iShares iBonds 2029 Term High Yield and Income ETF has a 1 year low of $23.01 and a 1 year high of $23.90.

iShares iBonds 2029 Term High Yield and Income ETF Company Profile

The iShares iBonds 2029 Term High Yield and Income ETF (IBHI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2029. The fund will terminate in December 2029. IBHI was launched on Mar 8, 2022 and is managed by BlackRock.