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

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 63,206 shares, a decrease of 51.2% from the August 31st total of 129,499 shares. Based on an average trading volume of 70,007 shares, the short-interest ratio is currently 0.9 days. Currently, 0.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Heartland Bank & Trust Co acquired a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the first quarter valued at approximately $582,000. GAMMA Investing LLC lifted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 142.2% during the 2nd quarter. GAMMA Investing LLC now owns 12,725 shares of the company’s stock worth $298,000 after buying an additional 7,472 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its position in iShares iBonds 2029 Term High Yield and Income ETF by 101.3% in the 1st quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock valued at $403,000 after buying an additional 8,712 shares during the period.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

Shares of iShares iBonds 2029 Term High Yield and Income ETF stock opened at $22.91 on Tuesday. The business has a 50-day moving average of $23.23 and a 200 day moving average of $23.30. iShares iBonds 2029 Term High Yield and Income ETF has a 12 month low of $22.87 and a 12 month high of $23.86. The stock has a market capitalization of $169.53 million, a price-to-earnings 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.