Short Interest in iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Declines By 46.0%

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 61,350 shares, a drop of 46.0% from the June 30th total of 113,707 shares. Based on an average trading volume of 111,630 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the company’s shares are short sold.

iShares iBonds 2029 Term High Yield and Income ETF Stock Up 0.1%

IBHI stock opened at $23.26 on Wednesday. iShares iBonds 2029 Term High Yield and Income ETF has a twelve month low of $23.01 and a twelve month high of $23.90. The firm has a market cap of $172.12 million, a price-to-earnings ratio of 10.62 and a beta of 0.53. The business’s fifty day simple moving average is $23.34 and its two-hundred day simple moving average is $23.42.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its stake in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock worth $1,773,000 after buying an additional 5,200 shares during the period. NewEdge Advisors LLC grew its stake in iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% in the 3rd quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock worth $17,851,000 after acquiring an additional 744,858 shares in the last quarter. High Note Wealth LLC purchased a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the fourth quarter worth approximately $65,000. Captrust Financial Advisors raised its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 30.1% during the fourth quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock valued at $383,000 after acquiring an additional 3,750 shares in the last quarter. Finally, Heartland Bank & Trust Co bought a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the first quarter valued at approximately $582,000.

iShares iBonds 2029 Term High Yield and Income ETF Company Profile

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.