iShares iBonds 2026 Term High Yield and Income ETF (BATS:IBHF) Short Interest Update

iShares iBonds 2026 Term High Yield and Income ETF (BATS:IBHF) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 29,843 shares, a drop of 67.3% from the May 14th total of 91,231 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 532,150 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of iShares iBonds 2026 Term High Yield and Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Trust Co. NA grew its stake in shares of iShares iBonds 2026 Term High Yield and Income ETF by 26.0% during the fourth quarter. Private Trust Co. NA now owns 2,955 shares of the company’s stock worth $68,000 after buying an additional 610 shares during the last quarter. North Star Investment Management Corp. grew its stake in shares of iShares iBonds 2026 Term High Yield and Income ETF by 42.2% during the fourth quarter. North Star Investment Management Corp. now owns 4,265 shares of the company’s stock worth $98,000 after buying an additional 1,265 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of iShares iBonds 2026 Term High Yield and Income ETF during the first quarter worth $200,000. Eldridge Investment Advisors Inc. bought a new stake in shares of iShares iBonds 2026 Term High Yield and Income ETF during the fourth quarter worth $215,000. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of iShares iBonds 2026 Term High Yield and Income ETF by 94.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 10,814 shares of the company’s stock worth $253,000 after buying an additional 5,240 shares during the last quarter.

iShares iBonds 2026 Term High Yield and Income ETF Price Performance

BATS:IBHF traded up $0.02 during mid-day trading on Friday, reaching $22.64. The stock had a trading volume of 157,925 shares, compared to its average volume of 328,600. The stock has a 50-day simple moving average of $22.78 and a two-hundred day simple moving average of $22.96. The stock has a market capitalization of $843.34 million, a PE ratio of 10.85 and a beta of 0.29. iShares iBonds 2026 Term High Yield and Income ETF has a 12 month low of $22.56 and a 12 month high of $23.45.

About iShares iBonds 2026 Term High Yield and Income ETF

The iShares iBonds 2026 Term High Yield and Income ETF (IBHF) 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 2026. The fund will terminate in December 2026. IBHF was launched on Nov 10, 2020 and is managed by BlackRock.