Short Interest in iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Expands By 365.0%

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 113,707 shares, a growth of 365.0% from the June 15th total of 24,452 shares. Based on an average daily trading volume, of 156,726 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.5% of the company’s shares are sold short.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. High Note Wealth LLC acquired a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the fourth quarter worth about $65,000. Reliant Wealth Planning acquired a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the third quarter valued at approximately $201,000. GAMMA Investing LLC increased its stake in iShares iBonds 2029 Term High Yield and Income ETF by 142.2% during the 2nd quarter. GAMMA Investing LLC now owns 12,725 shares of the company’s stock worth $298,000 after buying an additional 7,472 shares during the period. Captrust Financial Advisors increased its stake in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% during the 4th quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after buying an additional 3,750 shares during the period. Finally, McIlrath & Eck LLC lifted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 101.3% during the 1st quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock worth $403,000 after buying an additional 8,712 shares in the last quarter.

iShares iBonds 2029 Term High Yield and Income ETF Trading Down 0.2%

IBHI opened at $23.24 on Tuesday. The stock’s 50-day moving average price is $23.36 and its 200 day moving average price is $23.45. iShares iBonds 2029 Term High Yield and Income ETF has a 12-month low of $23.01 and a 12-month high of $23.90. The firm has a market cap of $171.98 million, a price-to-earnings ratio of 10.62 and a beta of 0.53.

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.