iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Short Interest Up 1,037.7% in May

iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 51,708 shares, an increase of 1,037.7% from the April 30th total of 4,545 shares. Based on an average daily volume of 75,047 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of iShares iBonds 2027 Term High Yield and Income ETF by 1,546.5% during the third quarter. JPMorgan Chase & Co. now owns 34,330 shares of the company’s stock worth $772,000 after buying an additional 32,245 shares during the last quarter. Hurley Capital LLC grew its stake in shares of iShares iBonds 2027 Term High Yield and Income ETF by 523.9% in the third quarter. Hurley Capital LLC now owns 174,628 shares of the company’s stock worth $3,927,000 after acquiring an additional 146,638 shares during the last quarter. Landing Point Financial Group LLC increased its position in iShares iBonds 2027 Term High Yield and Income ETF by 5.1% during the third quarter. Landing Point Financial Group LLC now owns 23,413 shares of the company’s stock worth $527,000 after acquiring an additional 1,142 shares during the period. 10Elms LLP increased its position in iShares iBonds 2027 Term High Yield and Income ETF by 10.5% during the third quarter. 10Elms LLP now owns 5,257 shares of the company’s stock worth $118,000 after acquiring an additional 500 shares during the period. Finally, Heartland Bank & Trust Co raised its stake in iShares iBonds 2027 Term High Yield and Income ETF by 5.7% during the 4th quarter. Heartland Bank & Trust Co now owns 33,434 shares of the company’s stock valued at $746,000 after purchasing an additional 1,793 shares during the last quarter.

iShares iBonds 2027 Term High Yield and Income ETF Trading Up 0.0%

IBHG stock traded up $0.01 during midday trading on Wednesday, hitting $22.15. 65,572 shares of the company traded hands, compared to its average volume of 131,710. iShares iBonds 2027 Term High Yield and Income ETF has a twelve month low of $21.95 and a twelve month high of $22.56. The business has a 50 day simple moving average of $22.10 and a 200-day simple moving average of $22.22.

iShares iBonds 2027 Term High Yield and Income ETF Company Profile

The iShares iBonds 2027 Term High Yield and Income ETF (IBHG) 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 2027. The fund will terminate in December 2027. IBHG was launched on Jul 7, 2021 and is managed by BlackRock.