iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Sees Large Growth in Short Interest

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the target of 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. Based on an average daily volume of 156,726 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.5% of the shares of the stock are sold short.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

Shares of BATS:IBHI opened at $23.28 on Monday. The company’s fifty day moving average price is $23.36 and its 200-day moving average price is $23.45. The firm has a market capitalization of $172.27 million, a price-to-earnings ratio of 10.62 and a beta of 0.53. iShares iBonds 2029 Term High Yield and Income ETF has a one year low of $23.01 and a one year high of $23.90.

Hedge Funds Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

Institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock worth $1,773,000 after buying an additional 5,200 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% in the 3rd quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock valued at $17,851,000 after purchasing an additional 744,858 shares in the last quarter. Reliant Wealth Planning bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the 3rd quarter valued at $201,000. High Note Wealth LLC purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF in the 4th quarter worth $65,000. Finally, Captrust Financial Advisors lifted its stake in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% in the fourth quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after purchasing an additional 3,750 shares during the last quarter.

iShares iBonds 2029 Term High Yield and Income ETF Company Profile

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.