iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Sees Significant Increase in Short Interest

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 130,673 shares, an increase of 143.2% from the August 31st total of 53,725 shares. Based on an average trading volume of 90,242 shares, the short-interest ratio is currently 1.4 days. Currently, 1.2% of the company’s shares are short sold.

iShares iBonds 2028 Term High Yield and Income ETF Price Performance

BATS IBHH opened at $23.18 on Friday. iShares iBonds 2028 Term High Yield and Income ETF has a one year low of $22.85 and a one year high of $23.87. The firm has a 50 day simple moving average of $23.36 and a 200-day simple moving average of $23.44.

Institutional Trading of iShares iBonds 2028 Term High Yield and Income ETF

Several hedge funds have recently added to or reduced their stakes in IBHH. GAMMA Investing LLC lifted its position in shares of iShares iBonds 2028 Term High Yield and Income ETF by 134.9% during the 2nd quarter. GAMMA Investing LLC now owns 12,929 shares of the company’s stock worth $304,000 after purchasing an additional 7,426 shares during the last quarter. Parallel Advisors LLC increased its stake in iShares iBonds 2028 Term High Yield and Income ETF by 107.7% in the first quarter. Parallel Advisors LLC now owns 6,076 shares of the company’s stock valued at $143,000 after purchasing an additional 3,151 shares during the last quarter. Heartland Bank & Trust Co lifted its position in shares of iShares iBonds 2028 Term High Yield and Income ETF by 14.5% during the 1st quarter. Heartland Bank & Trust Co now owns 30,711 shares of the company’s stock worth $721,000 after buying an additional 3,890 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF in the 1st quarter valued at $188,000. Finally, Hurley Capital LLC acquired a new position in iShares iBonds 2028 Term High Yield and Income ETF in the fourth quarter valued at $29,000.

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.