Short Interest in iShares iBonds 2031 Term High Yield and Income ETF (BATS:IBHK) Grows By 113.9%

iShares iBonds 2031 Term High Yield and Income ETF (BATS:IBHK) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 21,553 shares, a growth of 113.9% from the August 15th total of 10,074 shares. Based on an average daily volume of 12,953 shares, the short-interest ratio is currently 1.7 days. Approximately 2.7% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares iBonds 2031 Term High Yield and Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of IBHK. Captrust Financial Advisors raised its stake in shares of iShares iBonds 2031 Term High Yield and Income ETF by 45.9% in the fourth quarter. Captrust Financial Advisors now owns 11,925 shares of the company’s stock valued at $308,000 after purchasing an additional 3,750 shares in the last quarter. Reliant Wealth Planning boosted its stake in iShares iBonds 2031 Term High Yield and Income ETF by 30.7% during the fourth quarter. Reliant Wealth Planning now owns 10,067 shares of the company’s stock worth $260,000 after buying an additional 2,363 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in iShares iBonds 2031 Term High Yield and Income ETF during the third quarter worth $225,000. Finally, Ascentis Independent Advisors bought a new stake in iShares iBonds 2031 Term High Yield and Income ETF in the 1st quarter valued at $65,000.

iShares iBonds 2031 Term High Yield and Income ETF Stock Down 0.1%

IBHK opened at $25.11 on Monday. iShares iBonds 2031 Term High Yield and Income ETF has a fifty-two week low of $25.11 and a fifty-two week high of $26.16. The business has a 50-day moving average of $25.48 and a 200-day moving average of $25.59.

About iShares iBonds 2031 Term High Yield and Income ETF

The iShares iBonds 2031 Term High Yield and Income ETF (IBHK) 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 2031. The fund will terminate in December 2031 IBHK was launched on May 22, 2024 and is issued by BlackRock.