iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) Short Interest Up 81.4% in June

iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 32,280 shares, an increase of 81.4% from the May 31st total of 17,791 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 20,280 shares, the short-interest ratio is presently 1.6 days.

iShares iBonds 2030 Term High Yield and Income ETF Stock Performance

Shares of iShares iBonds 2030 Term High Yield and Income ETF stock opened at $26.32 on Thursday. The firm’s 50 day simple moving average is $26.39 and its two-hundred day simple moving average is $26.47. 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.

Hedge Funds Weigh In On iShares iBonds 2030 Term High Yield and Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBHJ. Captrust Financial Advisors lifted its position in iShares iBonds 2030 Term High Yield and Income ETF by 60.2% during the 4th quarter. Captrust Financial Advisors now owns 21,566 shares of the company’s stock worth $574,000 after acquiring an additional 8,100 shares during the period. Parallel Advisors LLC acquired a new position in shares of iShares iBonds 2030 Term High Yield and Income ETF in the first quarter valued at about $89,000. Ascentis Independent Advisors purchased a new position in shares of iShares iBonds 2030 Term High Yield and Income ETF in the first quarter worth about $68,000. Finally, High Note Wealth LLC purchased a new position in shares of iShares iBonds 2030 Term High Yield and Income ETF in the fourth quarter worth about $25,000.

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.