iShares iBonds 1-5 Year High Yield and Income Ladder ETF (NYSEARCA:LDRH) Sees Large Growth in Short Interest

iShares iBonds 1-5 Year High Yield and Income Ladder ETF (NYSEARCA:LDRH) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 8,319 shares, an increase of 785.9% from the May 31st total of 939 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 6,002 shares, the short-interest ratio is currently 1.4 days.

iShares iBonds 1-5 Year High Yield and Income Ladder ETF Price Performance

NYSEARCA:LDRH opened at $24.67 on Friday. The firm has a market capitalization of $7.89 million, a P/E ratio of -34.75 and a beta of 0.10. The business has a 50 day simple moving average of $24.68 and a 200 day simple moving average of $24.78. iShares iBonds 1-5 Year High Yield and Income Ladder ETF has a 12-month low of $24.39 and a 12-month high of $25.88.

iShares iBonds 1-5 Year High Yield and Income Ladder ETF Company Profile

The iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is a fund-of-funds, tracking an equally-weighted index that staggers maturities across a portfolio of underlying iShares iBonds High Yield and Income ETFs, all maturing within six years. Each underlying fund comprises USD-denominated, high yield and BBB-rated corporate bonds maturing annually. LDRH was launched on Nov 7, 2024 and is issued by BlackRock.