Short Interest in iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Increases By 179.2%

iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 144,366 shares, an increase of 179.2% from the May 14th total of 51,708 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 249,393 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of iShares iBonds 2027 Term High Yield and Income ETF

Several institutional investors and hedge funds have recently modified their holdings of IBHG. Bank of New York Mellon Corp purchased a new stake in shares of iShares iBonds 2027 Term High Yield and Income ETF in the first quarter worth approximately $8,868,000. Hurley Capital LLC raised its stake in shares of iShares iBonds 2027 Term High Yield and Income ETF by 523.9% in the third quarter. Hurley Capital LLC now owns 174,628 shares of the company’s stock worth $3,927,000 after purchasing an additional 146,638 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares iBonds 2027 Term High Yield and Income ETF by 1,546.5% in the third quarter. JPMorgan Chase & Co. now owns 34,330 shares of the company’s stock worth $772,000 after purchasing an additional 32,245 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of iShares iBonds 2027 Term High Yield and Income ETF by 24.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 72,105 shares of the company’s stock worth $1,609,000 after purchasing an additional 14,193 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of iShares iBonds 2027 Term High Yield and Income ETF by 8.8% in the fourth quarter. NewEdge Advisors LLC now owns 152,907 shares of the company’s stock worth $3,413,000 after purchasing an additional 12,405 shares during the last quarter.

iShares iBonds 2027 Term High Yield and Income ETF Price Performance

Shares of iShares iBonds 2027 Term High Yield and Income ETF stock opened at $22.02 on Friday. iShares iBonds 2027 Term High Yield and Income ETF has a 52 week low of $21.94 and a 52 week high of $22.56. The business has a 50 day moving average price of $22.10 and a 200-day moving average price of $22.20.

About iShares iBonds 2027 Term High Yield and Income ETF

The iShares iBonds 2027 Term High Yield and Income ETF (IBHG) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2027. The fund will terminate in December 2027. IBHG was launched on Jul 7, 2021 and is managed by BlackRock.