iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Short Interest Up 56.5% in July

iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 194,762 shares, an increase of 56.5% from the July 15th total of 124,460 shares. Based on an average trading volume of 121,335 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in shares of iShares iBonds 2027 Term High Yield and Income ETF in the 1st quarter valued at $8,868,000. Hurley Capital LLC lifted its position in shares of iShares iBonds 2027 Term High Yield and Income ETF by 7.5% during the fourth quarter. Hurley Capital LLC now owns 187,650 shares of the company’s stock valued at $4,188,000 after purchasing an additional 13,022 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of iShares iBonds 2027 Term High Yield and Income ETF by 8.8% during the 4th quarter. NewEdge Advisors LLC now owns 152,907 shares of the company’s stock worth $3,413,000 after buying an additional 12,405 shares in the last quarter. Advisory Services Network LLC boosted its position in iShares iBonds 2027 Term High Yield and Income ETF by 2.5% in the fourth quarter. Advisory Services Network LLC now owns 81,490 shares of the company’s stock worth $1,819,000 after purchasing an additional 1,958 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of iShares iBonds 2027 Term High Yield and Income ETF by 24.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 72,105 shares of the company’s stock worth $1,609,000 after buying an additional 14,193 shares during the last quarter.

iShares iBonds 2027 Term High Yield and Income ETF Stock Down 0.0%

Shares of BATS:IBHG opened at $21.94 on Tuesday. The business has a fifty day simple moving average of $21.99 and a 200 day simple moving average of $22.09. iShares iBonds 2027 Term High Yield and Income ETF has a 12-month low of $21.90 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.