iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Shares Shorted: Short Interest Down 66.6% in October

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 47,080 shares, a decline of 66.6% from the October 15th total of 140,966 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 105,807 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of iShares iBonds 2029 Term High Yield and Income ETF

Several hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 300.0% in the third quarter. Parallel Advisors LLC now owns 5,400 shares of the company’s stock worth $123,000 after purchasing an additional 4,050 shares in the last quarter. Bullock Wealth Management Group raised its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 5.0% during the third quarter. Bullock Wealth Management Group now owns 37,800 shares of the company’s stock valued at $858,000 after purchasing an additional 1,805 shares in the last quarter. GAMMA Investing LLC lifted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 11.0% in the third quarter. GAMMA Investing LLC now owns 14,129 shares of the company’s stock worth $323,000 after purchasing an additional 1,404 shares during the period. Heartland Bank & Trust Co acquired a new stake in iShares iBonds 2029 Term High Yield and Income ETF in the second quarter worth about $3,253,000. Finally, McIlrath & Eck LLC lifted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 101.3% in the first quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock worth $403,000 after purchasing an additional 8,712 shares during the period.

iShares iBonds 2029 Term High Yield and Income ETF Trading Down 0.4%

IBHI opened at $22.71 on Friday. The business’s 50 day moving average is $22.91 and its 200-day moving average is $23.26. The stock has a market cap of $168.05 million, a PE ratio of 10.62 and a beta of 0.53. iShares iBonds 2029 Term High Yield and Income ETF has a twelve month low of $22.41 and a twelve month high of $23.82.

About iShares iBonds 2029 Term High Yield and Income ETF

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.