iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Short Interest Up 136.9% in May

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 88,115 shares, an increase of 136.9% from the April 30th total of 37,189 shares. Based on an average daily volume of 91,995 shares, the short-interest ratio is presently 1.0 days. Approximately 0.8% of the company’s stock are short sold.

iShares iBonds 2028 Term High Yield and Income ETF Price Performance

BATS IBHH opened at $23.58 on Monday. The company’s fifty day simple moving average is $23.50 and its 200-day simple moving average is $23.61. iShares iBonds 2028 Term High Yield and Income ETF has a 52 week low of $22.85 and a 52 week high of $23.92.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IBHH. Captrust Financial Advisors acquired a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF during the second quarter worth $271,000. Heartland Bank & Trust Co increased its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 21.7% in the third quarter. Heartland Bank & Trust Co now owns 25,510 shares of the company’s stock worth $609,000 after buying an additional 4,549 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 3.8% in the third quarter. Integrated Wealth Concepts LLC now owns 48,107 shares of the company’s stock worth $1,148,000 after buying an additional 1,739 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 46.3% in the third quarter. NewEdge Advisors LLC now owns 762,495 shares of the company’s stock worth $18,193,000 after buying an additional 241,224 shares during the last quarter. Finally, Rebalance LLC bought a new stake in shares of iShares iBonds 2028 Term High Yield and Income ETF in the fourth quarter worth $1,105,000.

iShares iBonds 2028 Term High Yield and Income ETF Company Profile

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.