Short Interest in iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Declines By 94.2%

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 4,276 shares, a drop of 94.2% from the July 30th total of 73,731 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 187,165 shares, the days-to-cover ratio is presently 0.0 days.

iShares iBonds 2028 Term High Yield and Income ETF Stock Performance

iShares iBonds 2028 Term High Yield and Income ETF stock remained flat at $23.50 during trading hours on Thursday. 28,166 shares of the company’s stock traded hands, compared to its average volume of 115,678. The stock has a 50-day simple moving average of $23.42 and a 200-day simple moving average of $23.49. iShares iBonds 2028 Term High Yield and Income ETF has a twelve month low of $22.85 and a twelve month high of $23.92.

Hedge Funds Weigh In On iShares iBonds 2028 Term High Yield and Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBHH. NewEdge Advisors LLC boosted its stake in iShares iBonds 2028 Term High Yield and Income ETF by 46.3% in the 3rd quarter. NewEdge Advisors LLC now owns 762,495 shares of the company’s stock worth $18,193,000 after purchasing an additional 241,224 shares during the period. Captrust Financial Advisors purchased a new stake in iShares iBonds 2028 Term High Yield and Income ETF during the 2nd quarter valued at approximately $271,000. Integrated Wealth Concepts LLC raised its position in shares of iShares iBonds 2028 Term High Yield and Income ETF by 23.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 59,365 shares of the company’s stock valued at $1,405,000 after buying an additional 11,258 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of iShares iBonds 2028 Term High Yield and Income ETF during the first quarter valued at approximately $188,000. Finally, GAMMA Investing LLC lifted its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 134.9% in the second quarter. GAMMA Investing LLC now owns 12,929 shares of the company’s stock worth $304,000 after buying an additional 7,426 shares in the last quarter.

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.