iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Short Interest Update

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 53,725 shares, a growth of 1,156.4% from the August 15th total of 4,276 shares. Based on an average daily trading volume, of 77,317 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are short sold.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 4.4% during the 4th quarter. NewEdge Advisors LLC now owns 796,380 shares of the company’s stock valued at $18,854,000 after buying an additional 33,885 shares during the period. Captrust Financial Advisors grew its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 32.0% in the fourth quarter. Captrust Financial Advisors now owns 15,482 shares of the company’s stock worth $367,000 after acquiring an additional 3,750 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 23.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 59,365 shares of the company’s stock worth $1,405,000 after acquiring an additional 11,258 shares during the period. Parallel Advisors LLC purchased a new stake in iShares iBonds 2028 Term High Yield and Income ETF during the fourth quarter valued at $69,000. Finally, GAMMA Investing LLC increased its position in iShares iBonds 2028 Term High Yield and Income ETF by 134.9% during the second quarter. GAMMA Investing LLC now owns 12,929 shares of the company’s stock valued at $304,000 after acquiring an additional 7,426 shares during the last quarter.

iShares iBonds 2028 Term High Yield and Income ETF Price Performance

BATS:IBHH traded down $0.02 during mid-day trading on Thursday, reaching $23.30. The company’s stock had a trading volume of 37,864 shares, compared to its average volume of 114,126. The firm’s fifty day moving average price is $23.40 and its two-hundred day moving average price is $23.47. iShares iBonds 2028 Term High Yield and Income ETF has a 12-month low of $22.85 and a 12-month high of $23.92.

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.