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) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 80,615 shares, a growth of 196.0% from the April 15th total of 27,237 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 185,360 shares, the short-interest ratio is presently 0.4 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. High Note Wealth LLC bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the 4th quarter worth about $65,000. Reliant Wealth Planning bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the 3rd quarter worth about $201,000. Captrust Financial Advisors boosted its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 30.1% during the 4th quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after purchasing an additional 3,750 shares in the last quarter. Heartland Bank & Trust Co bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the 1st quarter worth about $582,000. Finally, Integrated Wealth Concepts LLC boosted its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock worth $1,773,000 after purchasing an additional 5,200 shares in the last quarter.

iShares iBonds 2029 Term High Yield and Income ETF Stock Performance

iShares iBonds 2029 Term High Yield and Income ETF stock opened at $23.37 on Friday. The stock has a market capitalization of $172.94 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 52-week low of $23.01 and a 52-week high of $23.90. The stock’s 50 day moving average price is $23.34 and its two-hundred day moving average price is $23.53.

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.