Short Interest in iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Expands By 1,156.4%

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 53,725 shares, a growth of 1,156.4% from the August 15th total of 4,276 shares. Based on an average daily volume of 77,317 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Hurley Capital LLC purchased a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF during the 4th quarter worth $29,000. Integrated Wealth Concepts LLC increased its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 3.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 48,107 shares of the company’s stock worth $1,148,000 after purchasing an additional 1,739 shares in the last quarter. Parallel Advisors LLC purchased a new stake in shares of iShares iBonds 2028 Term High Yield and Income ETF in the 4th quarter worth $69,000. Captrust Financial Advisors raised its holdings in iShares iBonds 2028 Term High Yield and Income ETF by 32.0% in the 4th quarter. Captrust Financial Advisors now owns 15,482 shares of the company’s stock worth $367,000 after purchasing an additional 3,750 shares during the period. Finally, Heartland Bank & Trust Co raised its holdings in iShares iBonds 2028 Term High Yield and Income ETF by 14.5% in the 1st quarter. Heartland Bank & Trust Co now owns 30,711 shares of the company’s stock worth $721,000 after purchasing an additional 3,890 shares during the period.

iShares iBonds 2028 Term High Yield and Income ETF Price Performance

Shares of BATS:IBHH traded down $0.02 during trading on Thursday, hitting $23.30. The company’s stock had a trading volume of 37,864 shares, compared to its average volume of 114,126. The company has a 50-day moving average of $23.40 and a 200-day moving average of $23.47. iShares iBonds 2028 Term High Yield and Income ETF has a 12 month low of $22.85 and a 12 month high of $23.92.

About iShares iBonds 2028 Term High Yield and Income ETF

The iShares iBonds 2028 Term High Yield and Income ETF (IBHH) 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 2028. The fund will terminate in December 2028. IBHH was launched on Mar 8, 2022 and is managed by BlackRock.