iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Short Interest Update

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 61,350 shares, a decrease of 46.0% from the June 30th total of 113,707 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 111,630 shares, the days-to-cover ratio is currently 0.5 days.

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

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% in the 3rd quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock worth $17,851,000 after purchasing an additional 744,858 shares during the period. Heartland Bank & Trust Co purchased a new stake in iShares iBonds 2029 Term High Yield and Income ETF during the 1st quarter valued at $582,000. Integrated Wealth Concepts LLC lifted its position in iShares iBonds 2029 Term High Yield and Income ETF by 17.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 87,297 shares of the company’s stock worth $2,063,000 after buying an additional 12,955 shares during the last quarter. McIlrath & Eck LLC increased its position in iShares iBonds 2029 Term High Yield and Income ETF by 101.3% during the first quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock valued at $403,000 after acquiring an additional 8,712 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 142.2% in the second quarter. GAMMA Investing LLC now owns 12,725 shares of the company’s stock valued at $298,000 after acquiring an additional 7,472 shares during the period.

iShares iBonds 2029 Term High Yield and Income ETF Stock Up 0.1%

IBHI stock opened at $23.26 on Wednesday. iShares iBonds 2029 Term High Yield and Income ETF has a 52 week low of $23.01 and a 52 week high of $23.90. The company has a fifty day simple moving average of $23.34 and a two-hundred day simple moving average of $23.42. The firm has a market capitalization of $172.12 million, a P/E ratio of 10.62 and a beta of 0.53.

About iShares iBonds 2029 Term High Yield and Income ETF

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.