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 growth in short interest during the month of May. As of May 29th, there was short interest totaling 303,313 shares, a growth of 195.6% from the May 14th total of 102,600 shares. Based on an average daily volume of 142,453 shares, the short-interest ratio is presently 2.1 days. Currently, 4.1% of the company’s stock are sold short.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

IBHI opened at $23.30 on Friday. The business’s 50-day moving average is $23.39 and its two-hundred day moving average is $23.50. iShares iBonds 2029 Term High Yield and Income ETF has a 1 year low of $23.01 and a 1 year high of $23.90. The firm has a market capitalization of $172.42 million, a PE ratio of 10.62 and a beta of 0.53.

Hedge Funds Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. High Note Wealth LLC purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF in the fourth quarter valued at about $65,000. Reliant Wealth Planning purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF in the third quarter valued at about $201,000. Captrust Financial Advisors grew its stake in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% in the fourth quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock valued at $383,000 after purchasing an additional 3,750 shares during the last quarter. McIlrath & Eck LLC grew its stake in iShares iBonds 2029 Term High Yield and Income ETF by 101.3% in the first quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock valued at $403,000 after purchasing an additional 8,712 shares during the last quarter. Finally, Heartland Bank & Trust Co purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF in the first quarter valued at about $582,000.

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.