iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 17,791 shares, a drop of 49.9% from the May 14th total of 35,534 shares. Based on an average daily trading volume, of 17,325 shares, the short-interest ratio is currently 1.0 days. Approximately 0.8% of the shares of the company are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. High Note Wealth LLC bought a new position in shares of iShares iBonds 2030 Term High Yield and Income ETF in the fourth quarter worth $25,000. Ascentis Independent Advisors bought a new position in iShares iBonds 2030 Term High Yield and Income ETF during the first quarter valued at about $68,000. Parallel Advisors LLC bought a new position in iShares iBonds 2030 Term High Yield and Income ETF during the first quarter valued at about $89,000. Finally, Captrust Financial Advisors bought a new position in iShares iBonds 2030 Term High Yield and Income ETF during the second quarter valued at about $353,000.
iShares iBonds 2030 Term High Yield and Income ETF Stock Performance
Shares of BATS:IBHJ remained flat at $26.37 on Friday. The stock had a trading volume of 13,122 shares, compared to its average volume of 29,683. iShares iBonds 2030 Term High Yield and Income ETF has a 12 month low of $25.82 and a 12 month high of $26.92. The company’s 50 day moving average price is $26.38 and its 200-day moving average price is $26.48.
iShares iBonds 2030 Term High Yield and Income ETF Company Profile
The iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) 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 2030. The fund will terminate in December 2030. IBHJ was launched on Jun 21, 2023 and is managed by BlackRock.
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