Short Interest in iShares iBonds 2026 Term High Yield and Income ETF (BATS:IBHF) Drops By 39.6%

iShares iBonds 2026 Term High Yield and Income ETF (BATS:IBHF) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 22,995 shares, a decline of 39.6% from the April 15th total of 38,068 shares. Based on an average daily trading volume, of 327,675 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

iShares iBonds 2026 Term High Yield and Income ETF Price Performance

iShares iBonds 2026 Term High Yield and Income ETF stock opened at $22.72 on Monday. The stock has a 50-day moving average price of $22.87 and a 200 day moving average price of $23.03. The company has a market capitalization of $846.32 million, a price-to-earnings ratio of 10.85 and a beta of 0.29. iShares iBonds 2026 Term High Yield and Income ETF has a 52 week low of $22.69 and a 52 week high of $23.45.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IBHF. High Note Wealth LLC lifted its position in iShares iBonds 2026 Term High Yield and Income ETF by 16.5% during the third quarter. High Note Wealth LLC now owns 174,928 shares of the company’s stock valued at $4,092,000 after purchasing an additional 24,761 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of iShares iBonds 2026 Term High Yield and Income ETF during the 3rd quarter valued at about $2,102,000. Hurley Capital LLC raised its stake in shares of iShares iBonds 2026 Term High Yield and Income ETF by 78.7% during the 3rd quarter. Hurley Capital LLC now owns 446,512 shares of the company’s stock valued at $10,444,000 after buying an additional 196,652 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of iShares iBonds 2026 Term High Yield and Income ETF by 12.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,405,833 shares of the company’s stock valued at $32,447,000 after buying an additional 156,165 shares during the period. Finally, Arrow Financial Corp lifted its holdings in shares of iShares iBonds 2026 Term High Yield and Income ETF by 34.9% in the 4th quarter. Arrow Financial Corp now owns 1,215,960 shares of the company’s stock valued at $28,064,000 after buying an additional 314,399 shares during the period.

iShares iBonds 2026 Term High Yield and Income ETF Company Profile

The iShares iBonds 2026 Term High Yield and Income ETF (IBHF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2026. The fund will terminate in December 2026. IBHF was launched on Nov 10, 2020 and is managed by BlackRock.