iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Short Interest Up 195.6% in May

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

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

iShares iBonds 2029 Term High Yield and Income ETF stock opened at $23.33 on Friday. iShares iBonds 2029 Term High Yield and Income ETF has a one year low of $23.01 and a one year high of $23.90. The business has a fifty day moving average price of $23.40 and a 200-day moving average price of $23.50. The firm has a market capitalization of $172.64 million, a P/E ratio of 10.62 and a beta of 0.53.

Hedge Funds Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

A number of large investors have recently made changes to their positions in IBHI. Integrated Wealth Concepts LLC boosted its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock worth $1,773,000 after acquiring an additional 5,200 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% in the third quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock worth $17,851,000 after acquiring an additional 744,858 shares during the period. Reliant Wealth Planning bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the third quarter worth $201,000. High Note Wealth LLC bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the fourth quarter worth $65,000. Finally, Captrust Financial Advisors boosted its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 30.1% in the fourth quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after acquiring an additional 3,750 shares during the period.

iShares iBonds 2029 Term High Yield and Income ETF Company Profile

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.