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) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 61,350 shares, a decrease of 46.0% from the June 30th total of 113,707 shares. Based on an average daily trading volume, of 111,630 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the shares of the company are sold short.

iShares iBonds 2029 Term High Yield and Income ETF Stock Up 0.2%

BATS IBHI opened at $23.32 on Friday. iShares iBonds 2029 Term High Yield and Income ETF has a 52-week low of $23.01 and a 52-week high of $23.90. The business’s 50-day moving average price is $23.33 and its 200 day moving average price is $23.41. The firm has a market cap of $172.57 million, a P/E ratio of 10.62 and a beta of 0.53.

Institutional Trading of iShares iBonds 2029 Term High Yield and Income ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 142.2% in the second quarter. GAMMA Investing LLC now owns 12,725 shares of the company’s stock valued at $298,000 after purchasing an additional 7,472 shares during the period. McIlrath & Eck LLC lifted its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 101.3% during the first quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock worth $403,000 after purchasing an additional 8,712 shares during the period. Heartland Bank & Trust Co acquired a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the first quarter worth $582,000. NewEdge Advisors LLC grew its position in iShares iBonds 2029 Term High Yield and Income ETF by 18.1% in the 4th quarter. NewEdge Advisors LLC now owns 883,775 shares of the company’s stock valued at $20,884,000 after buying an additional 135,322 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% in the 4th quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock valued at $383,000 after buying an additional 3,750 shares during the last quarter.

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.