iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Short Interest Update

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 303,313 shares, an increase of 195.6% from the May 14th total of 102,600 shares. Approximately 4.1% of the company’s shares are sold short. Based on an average daily trading volume, of 142,453 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Trading of iShares iBonds 2029 Term High Yield and Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. High Note Wealth LLC bought a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the fourth quarter worth $65,000. Reliant Wealth Planning bought a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the third quarter worth $201,000. Captrust Financial Advisors lifted its position 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 worth $383,000 after purchasing an additional 3,750 shares during the last quarter. McIlrath & Eck LLC lifted its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 101.3% during the first quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock worth $403,000 after purchasing an additional 8,712 shares during 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 worth $582,000.

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

BATS:IBHI opened at $23.30 on Friday. 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 company has a market cap of $172.42 million, a price-to-earnings ratio of 10.62 and a beta of 0.53. The stock has a fifty day simple moving average of $23.39 and a 200-day simple moving average of $23.50.

About iShares iBonds 2029 Term High Yield and Income ETF

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.