iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) Short Interest Down 49.9% in May

iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 17,791 shares, a decrease of 49.9% from the May 14th total of 35,534 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 17,325 shares, the short-interest ratio is currently 1.0 days.

iShares iBonds 2030 Term High Yield and Income ETF Price Performance

iShares iBonds 2030 Term High Yield and Income ETF stock opened at $26.37 on Friday. iShares iBonds 2030 Term High Yield and Income ETF has a one year low of $25.82 and a one year high of $26.92. The company’s fifty day moving average price is $26.38 and its two-hundred day moving average price is $26.48.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IBHJ. Captrust Financial Advisors raised its stake in shares of iShares iBonds 2030 Term High Yield and Income ETF by 60.2% in the 4th quarter. Captrust Financial Advisors now owns 21,566 shares of the company’s stock valued at $574,000 after acquiring an additional 8,100 shares in the last quarter. Parallel Advisors LLC bought a new stake in iShares iBonds 2030 Term High Yield and Income ETF during the first quarter worth approximately $89,000. Ascentis Independent Advisors bought a new stake in iShares iBonds 2030 Term High Yield and Income ETF during the first quarter worth approximately $68,000. Finally, High Note Wealth LLC acquired a new position in iShares iBonds 2030 Term High Yield and Income ETF during the fourth quarter valued at approximately $25,000.

iShares iBonds 2030 Term High Yield and Income ETF Company Profile

The iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) 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 2030. The fund will terminate in December 2030. IBHJ was launched on Jun 21, 2023 and is managed by BlackRock.