iShares iBonds 2031 Term High Yield and Income ETF (BATS:IBHK) Sees Significant Growth in Short Interest

iShares iBonds 2031 Term High Yield and Income ETF (BATS:IBHK) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 49,309 shares, a growth of 94.7% from the June 15th total of 25,321 shares. Based on an average daily trading volume, of 44,468 shares, the short-interest ratio is presently 1.1 days. Approximately 6.2% of the shares of the company are sold short.

iShares iBonds 2031 Term High Yield and Income ETF Trading Up 0.3%

Shares of IBHK opened at $25.66 on Thursday. iShares iBonds 2031 Term High Yield and Income ETF has a fifty-two week low of $25.12 and a fifty-two week high of $26.16. The firm has a 50-day simple moving average of $25.65 and a 200-day simple moving average of $25.74.

Institutional Trading of iShares iBonds 2031 Term High Yield and Income ETF

A number of hedge funds have recently added to or reduced their stakes in IBHK. Ascentis Independent Advisors purchased a new position in shares of iShares iBonds 2031 Term High Yield and Income ETF in the 1st quarter valued at approximately $65,000. Captrust Financial Advisors raised its stake in shares of iShares iBonds 2031 Term High Yield and Income ETF by 45.9% during the fourth quarter. Captrust Financial Advisors now owns 11,925 shares of the company’s stock worth $308,000 after purchasing an additional 3,750 shares during the last quarter. Reliant Wealth Planning raised its stake in shares of iShares iBonds 2031 Term High Yield and Income ETF by 30.7% during the fourth quarter. Reliant Wealth Planning now owns 10,067 shares of the company’s stock worth $260,000 after purchasing an additional 2,363 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares iBonds 2031 Term High Yield and Income ETF during the third quarter worth $225,000.

iShares iBonds 2031 Term High Yield and Income ETF Company Profile

The iShares iBonds 2031 Term High Yield and Income ETF (IBHK) 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 2031. The fund will terminate in December 2031 IBHK was launched on May 22, 2024 and is issued by BlackRock.