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

iShares iBonds 1-5 Year High Yield and Income Ladder ETF (NYSEARCA:LDRH) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 4,286 shares, a growth of 589.1% from the July 15th total of 622 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 4,432 shares, the days-to-cover ratio is currently 1.0 days.

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

NYSEARCA:LDRH opened at $24.54 on Friday. The business has a 50 day moving average of $24.56 and a 200 day moving average of $24.68. The company has a market capitalization of $22.58 million, a price-to-earnings ratio of -34.56 and a beta of 0.10. iShares iBonds 1-5 Year High Yield and Income Ladder ETF has a 1-year low of $24.39 and a 1-year high of $25.30.

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

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.