Short Interest in iShares iBonds 2031 Term High Yield and Income ETF (BATS:IBHK) Expands By 113.9%

iShares iBonds 2031 Term High Yield and Income ETF (BATS:IBHK) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 21,553 shares, a growth of 113.9% from the August 15th total of 10,074 shares. Based on an average daily volume of 12,953 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.7% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares iBonds 2031 Term High Yield and Income ETF

A number of institutional investors have recently modified their holdings of the company. Ascentis Independent Advisors bought a new stake in shares of iShares iBonds 2031 Term High Yield and Income ETF in the 1st quarter valued at $65,000. Captrust Financial Advisors lifted its position in iShares iBonds 2031 Term High Yield and Income ETF by 45.9% in the 4th quarter. Captrust Financial Advisors now owns 11,925 shares of the company’s stock valued at $308,000 after acquiring an additional 3,750 shares in the last quarter. Reliant Wealth Planning boosted its stake in iShares iBonds 2031 Term High Yield and Income ETF by 30.7% during the 4th quarter. Reliant Wealth Planning now owns 10,067 shares of the company’s stock valued at $260,000 after purchasing an additional 2,363 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in iShares iBonds 2031 Term High Yield and Income ETF during the 3rd quarter worth approximately $225,000.

iShares iBonds 2031 Term High Yield and Income ETF Trading Down 0.1%

Shares of iShares iBonds 2031 Term High Yield and Income ETF stock opened at $25.11 on Monday. The firm’s 50-day moving average price is $25.48 and its two-hundred day moving average price is $25.59. iShares iBonds 2031 Term High Yield and Income ETF has a 12-month low of $25.11 and a 12-month high of $26.16.

iShares iBonds 2031 Term High Yield and Income ETF Company Profile

The iShares iBonds 2031 Term High Yield and Income ETF (IBHK) 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 2031. The fund will terminate in December 2031 IBHK was launched on May 22, 2024 and is issued by BlackRock.