iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Short Interest Up 1,037.7% in May

iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 51,708 shares, a growth of 1,037.7% from the April 30th total of 4,545 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 75,047 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of iShares iBonds 2027 Term High Yield and Income ETF in the 1st quarter valued at $8,868,000. Hurley Capital LLC lifted its stake in shares of iShares iBonds 2027 Term High Yield and Income ETF by 7.5% during the fourth quarter. Hurley Capital LLC now owns 187,650 shares of the company’s stock valued at $4,188,000 after acquiring an additional 13,022 shares during the period. NewEdge Advisors LLC boosted its holdings in iShares iBonds 2027 Term High Yield and Income ETF by 8.8% in the fourth quarter. NewEdge Advisors LLC now owns 152,907 shares of the company’s stock valued at $3,413,000 after acquiring an additional 12,405 shares during the last quarter. Advisory Services Network LLC boosted its holdings in iShares iBonds 2027 Term High Yield and Income ETF by 2.5% in the fourth quarter. Advisory Services Network LLC now owns 81,490 shares of the company’s stock valued at $1,819,000 after acquiring an additional 1,958 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in iShares iBonds 2027 Term High Yield and Income ETF by 24.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 72,105 shares of the company’s stock worth $1,609,000 after purchasing an additional 14,193 shares during the period.

iShares iBonds 2027 Term High Yield and Income ETF Price Performance

Shares of IBHG stock traded up $0.01 during trading hours on Wednesday, reaching $22.15. 65,572 shares of the company were exchanged, compared to its average volume of 131,710. iShares iBonds 2027 Term High Yield and Income ETF has a fifty-two week low of $21.95 and a fifty-two week high of $22.56. The stock’s fifty day moving average is $22.10 and its two-hundred day moving average is $22.22.

About iShares iBonds 2027 Term High Yield and Income ETF

The iShares iBonds 2027 Term High Yield and Income ETF (IBHG) 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 2027. The fund will terminate in December 2027. IBHG was launched on Jul 7, 2021 and is managed by BlackRock.