iShares iBonds 2026 Term High Yield and Income ETF (BATS:IBHF) Short Interest Down 67.3% in May

iShares iBonds 2026 Term High Yield and Income ETF (BATS:IBHF) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 29,843 shares, a drop of 67.3% from the May 14th total of 91,231 shares. Based on an average daily trading volume, of 532,150 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

iShares iBonds 2026 Term High Yield and Income ETF Price Performance

iShares iBonds 2026 Term High Yield and Income ETF stock remained flat at $22.62 during trading on Friday. The company had a trading volume of 450,424 shares, compared to its average volume of 332,290. iShares iBonds 2026 Term High Yield and Income ETF has a 52-week low of $22.56 and a 52-week high of $23.45. The firm has a market capitalization of $842.60 million, a P/E ratio of 10.85 and a beta of 0.29. The firm’s 50-day moving average price is $22.78 and its 200 day moving average price is $22.96.

Hedge Funds Weigh In On iShares iBonds 2026 Term High Yield and Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its position in iShares iBonds 2026 Term High Yield and Income ETF by 26.0% during the fourth quarter. Private Trust Co. NA now owns 2,955 shares of the company’s stock worth $68,000 after buying an additional 610 shares in the last quarter. North Star Investment Management Corp. raised its position in iShares iBonds 2026 Term High Yield and Income ETF by 42.2% in the fourth quarter. North Star Investment Management Corp. now owns 4,265 shares of the company’s stock valued at $98,000 after purchasing an additional 1,265 shares during the period. Bank of New York Mellon Corp purchased a new stake in iShares iBonds 2026 Term High Yield and Income ETF in the first quarter valued at $200,000. Eldridge Investment Advisors Inc. purchased a new stake in iShares iBonds 2026 Term High Yield and Income ETF in the fourth quarter valued at $215,000. Finally, Creative Financial Designs Inc. ADV raised its position in iShares iBonds 2026 Term High Yield and Income ETF by 94.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 10,814 shares of the company’s stock valued at $253,000 after purchasing an additional 5,240 shares during the period.

About iShares iBonds 2026 Term High Yield and Income ETF

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.