iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Short Interest Up 179.2% in May

iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 144,366 shares, an increase of 179.2% from the May 14th total of 51,708 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily volume of 249,393 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On iShares iBonds 2027 Term High Yield and Income ETF

Hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors bought a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF in the 1st quarter valued at about $61,000. 10Elms LLP grew its holdings in shares of iShares iBonds 2027 Term High Yield and Income ETF by 10.5% in the 3rd quarter. 10Elms LLP now owns 5,257 shares of the company’s stock valued at $118,000 after acquiring an additional 500 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF in the 1st quarter valued at about $205,000. High Note Wealth LLC grew its holdings in shares of iShares iBonds 2027 Term High Yield and Income ETF by 201.7% in the 4th quarter. High Note Wealth LLC now owns 10,713 shares of the company’s stock valued at $239,000 after acquiring an additional 7,162 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of iShares iBonds 2027 Term High Yield and Income ETF by 34.2% in the 4th quarter. Captrust Financial Advisors now owns 16,470 shares of the company’s stock valued at $368,000 after acquiring an additional 4,200 shares in the last quarter.

iShares iBonds 2027 Term High Yield and Income ETF Price Performance

IBHG stock traded up $0.02 during trading hours on Friday, reaching $22.02. 21,778 shares of the stock were exchanged, compared to its average volume of 154,297. The firm’s 50-day moving average is $22.10 and its 200-day moving average is $22.20. iShares iBonds 2027 Term High Yield and Income ETF has a 12 month low of $21.94 and a 12 month high of $22.56.

About iShares iBonds 2027 Term High Yield and Income ETF

The iShares iBonds 2027 Term High Yield and Income ETF (IBHG) 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 2027. The fund will terminate in December 2027. IBHG was launched on Jul 7, 2021 and is managed by BlackRock.