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 growth in short interest in the month of July. As of July 31st, there was short interest totaling 119,294 shares, a growth of 94.4% from the July 15th total of 61,350 shares. Based on an average daily volume of 104,884 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Heartland Bank & Trust Co bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the first quarter valued at $582,000. High Note Wealth LLC bought a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the fourth quarter worth about $65,000. NewEdge Advisors LLC raised its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 18.1% in the 4th quarter. NewEdge Advisors LLC now owns 883,775 shares of the company’s stock worth $20,884,000 after acquiring an additional 135,322 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 17.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 87,297 shares of the company’s stock worth $2,063,000 after acquiring an additional 12,955 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in iShares iBonds 2029 Term High Yield and Income ETF by 142.2% in the 2nd quarter. GAMMA Investing LLC now owns 12,725 shares of the company’s stock valued at $298,000 after acquiring an additional 7,472 shares in the last quarter.

iShares iBonds 2029 Term High Yield and Income ETF Stock Down 0.2%

Shares of IBHI opened at $23.30 on Friday. The business’s fifty day moving average is $23.30 and its 200 day moving average is $23.38. iShares iBonds 2029 Term High Yield and Income ETF has a 12-month low of $23.01 and a 12-month high of $23.90. The stock has a market cap of $172.42 million, a P/E ratio of 10.62 and a beta of 0.53.

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.