iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Short Interest Down 54.6% in June

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 33,801 shares, a decrease of 54.6% from the May 31st total of 74,438 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 103,922 shares, the days-to-cover ratio is presently 0.3 days.

iShares iBonds 2028 Term High Yield and Income ETF Stock Performance

IBHH stock opened at $23.50 on Monday. The firm has a 50 day simple moving average of $23.51 and a 200 day simple moving average of $23.58. iShares iBonds 2028 Term High Yield and Income ETF has a 52 week low of $22.85 and a 52 week high of $23.92.

Institutional Investors Weigh In On iShares iBonds 2028 Term High Yield and Income ETF

A number of institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 4.4% during the 4th quarter. NewEdge Advisors LLC now owns 796,380 shares of the company’s stock valued at $18,854,000 after acquiring an additional 33,885 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 23.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 59,365 shares of the company’s stock worth $1,405,000 after acquiring an additional 11,258 shares during the last quarter. Rebalance LLC purchased a new stake in shares of iShares iBonds 2028 Term High Yield and Income ETF during the fourth quarter worth $1,105,000. Heartland Bank & Trust Co boosted its position in iShares iBonds 2028 Term High Yield and Income ETF by 14.5% during the first quarter. Heartland Bank & Trust Co now owns 30,711 shares of the company’s stock valued at $721,000 after purchasing an additional 3,890 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC acquired a new stake in iShares iBonds 2028 Term High Yield and Income ETF during the fourth quarter valued at $489,000.

About iShares iBonds 2028 Term High Yield and Income ETF

The iShares iBonds 2028 Term High Yield and Income ETF (IBHH) 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 2028. The fund will terminate in December 2028. IBHH was launched on Mar 8, 2022 and is managed by BlackRock.