iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) Short Interest Down 49.9% in May

iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJGet Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 17,791 shares, a decline of 49.9% from the May 14th total of 35,534 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,325 shares, the days-to-cover ratio is currently 1.0 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors lifted its holdings in shares of 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 worth $574,000 after purchasing an additional 8,100 shares during the period. Parallel Advisors LLC bought a new position in iShares iBonds 2030 Term High Yield and Income ETF during the 1st quarter worth $89,000. Ascentis Independent Advisors bought a new position in iShares iBonds 2030 Term High Yield and Income ETF during the 1st quarter worth $68,000. Finally, High Note Wealth LLC acquired a new position in iShares iBonds 2030 Term High Yield and Income ETF during the 4th quarter worth about $25,000.

iShares iBonds 2030 Term High Yield and Income ETF Price Performance

IBHJ traded up $0.05 on Monday, reaching $26.42. The stock had a trading volume of 2,298 shares, compared to its average volume of 29,431. The firm has a 50-day moving average of $26.38 and a 200-day moving average of $26.48. iShares iBonds 2030 Term High Yield and Income ETF has a fifty-two week low of $25.82 and a fifty-two week high of $26.92.

About iShares iBonds 2030 Term High Yield and Income ETF

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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.

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