iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Short Interest Update

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 113,707 shares, an increase of 365.0% from the June 15th total of 24,452 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 156,726 shares, the short-interest ratio is currently 0.7 days.

iShares iBonds 2029 Term High Yield and Income ETF Stock Down 0.0%

BATS IBHI traded down $0.01 on Friday, reaching $23.28. The company had a trading volume of 134,271 shares, compared to its average volume of 135,708. The company’s fifty day moving average is $23.36 and its 200 day moving average is $23.45. iShares iBonds 2029 Term High Yield and Income ETF has a 52-week low of $23.01 and a 52-week high of $23.90. The stock has a market capitalization of $172.27 million, a P/E ratio of 10.62 and a beta of 0.53.

Institutional Investors Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 142.2% during the second quarter. GAMMA Investing LLC now owns 12,725 shares of the company’s stock worth $298,000 after acquiring an additional 7,472 shares during the period. McIlrath & Eck LLC raised its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 101.3% during the 1st quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock valued at $403,000 after acquiring an additional 8,712 shares during the period. Heartland Bank & Trust Co bought a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the 1st quarter valued at $582,000. NewEdge Advisors LLC increased its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 18.1% during the fourth quarter. NewEdge Advisors LLC now owns 883,775 shares of the company’s stock valued at $20,884,000 after buying an additional 135,322 shares during the period. Finally, Captrust Financial Advisors lifted its stake in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% in the 4th quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after purchasing an additional 3,750 shares in the last quarter.

About iShares iBonds 2029 Term High Yield and Income ETF

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.