iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) Sees Significant Growth in Short Interest

iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 23,872 shares, an increase of 208.3% from the April 15th total of 7,742 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 28,279 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On iShares iBonds 2030 Term High Yield and Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its holdings in iShares iBonds 2030 Term High Yield and Income ETF by 60.2% during the fourth quarter. Captrust Financial Advisors now owns 21,566 shares of the company’s stock valued at $574,000 after purchasing an additional 8,100 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of iShares iBonds 2030 Term High Yield and Income ETF in the first quarter valued at about $89,000. Ascentis Independent Advisors acquired a new stake in shares of iShares iBonds 2030 Term High Yield and Income ETF in the first quarter valued at about $68,000. Finally, High Note Wealth LLC acquired a new stake in shares of iShares iBonds 2030 Term High Yield and Income ETF in the fourth quarter valued at about $25,000.

iShares iBonds 2030 Term High Yield and Income ETF Stock Down 0.3%

IBHJ opened at $26.25 on Friday. iShares iBonds 2030 Term High Yield and Income ETF has a 52-week low of $25.82 and a 52-week high of $26.92. The firm’s fifty day simple moving average is $26.32 and its two-hundred day simple moving average is $26.51.

iShares iBonds 2030 Term High Yield and Income ETF Company Profile

The iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) 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 2030. The fund will terminate in December 2030. IBHJ was launched on Jun 21, 2023 and is managed by BlackRock.