Short Interest in iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Rises By 78.0%

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 37,189 shares, a growth of 78.0% from the April 15th total of 20,887 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 137,077 shares, the short-interest ratio is currently 0.3 days.

iShares iBonds 2028 Term High Yield and Income ETF Stock Up 0.0%

BATS:IBHH opened at $23.47 on Tuesday. iShares iBonds 2028 Term High Yield and Income ETF has a 1 year low of $22.85 and a 1 year high of $23.92. The business has a 50 day simple moving average of $23.49 and a 200-day simple moving average of $23.61.

Institutional Investors Weigh In On iShares iBonds 2028 Term High Yield and Income ETF

Institutional investors have recently modified their holdings of the stock. Rebalance LLC bought a new stake in shares of iShares iBonds 2028 Term High Yield and Income ETF in the 4th quarter valued at approximately $1,105,000. Heartland Bank & Trust Co lifted its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 21.7% in the 3rd quarter. Heartland Bank & Trust Co now owns 25,510 shares of the company’s stock valued at $609,000 after purchasing an additional 4,549 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of iShares iBonds 2028 Term High Yield and Income ETF in the 2nd quarter valued at approximately $271,000. Integrated Wealth Concepts LLC lifted its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 23.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 59,365 shares of the company’s stock valued at $1,405,000 after purchasing an additional 11,258 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 4.4% in the 4th quarter. NewEdge Advisors LLC now owns 796,380 shares of the company’s stock valued at $18,854,000 after purchasing an additional 33,885 shares during the last quarter.

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.