iShares iBonds 2026 Term High Yield and Income ETF (BATS:IBHF) Short Interest Down 67.3% in May

iShares iBonds 2026 Term High Yield and Income ETF (BATS:IBHF) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 29,843 shares, a decline of 67.3% from the May 14th total of 91,231 shares. Based on an average daily trading volume, of 532,150 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

iShares iBonds 2026 Term High Yield and Income ETF Stock Performance

Shares of BATS IBHF opened at $22.60 on Thursday. iShares iBonds 2026 Term High Yield and Income ETF has a twelve month low of $22.56 and a twelve month high of $23.45. The stock has a 50 day moving average of $22.79 and a two-hundred day moving average of $22.96. The stock has a market cap of $841.85 million, a P/E ratio of 10.85 and a beta of 0.29.

Institutional Investors Weigh In On iShares iBonds 2026 Term High Yield and Income ETF

Large investors have recently modified their holdings of the stock. Private Trust Co. NA raised its stake in shares of iShares iBonds 2026 Term High Yield and Income ETF by 26.0% during the fourth quarter. Private Trust Co. NA now owns 2,955 shares of the company’s stock worth $68,000 after purchasing an additional 610 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of iShares iBonds 2026 Term High Yield and Income ETF by 42.2% during the fourth quarter. North Star Investment Management Corp. now owns 4,265 shares of the company’s stock worth $98,000 after purchasing an additional 1,265 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of iShares iBonds 2026 Term High Yield and Income ETF during the first quarter worth approximately $200,000. Eldridge Investment Advisors Inc. purchased a new stake in shares of iShares iBonds 2026 Term High Yield and Income ETF during the fourth quarter worth approximately $215,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of iShares iBonds 2026 Term High Yield and Income ETF by 94.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 10,814 shares of the company’s stock worth $253,000 after purchasing an additional 5,240 shares during the last quarter.

About iShares iBonds 2026 Term High Yield and Income ETF

The iShares iBonds 2026 Term High Yield and Income ETF (IBHF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2026. The fund will terminate in December 2026. IBHF was launched on Nov 10, 2020 and is managed by BlackRock.