Short Interest in iShares iBonds 2031 Term High Yield and Income ETF (BATS:IBHK) Expands By 113.9%

iShares iBonds 2031 Term High Yield and Income ETF (BATS:IBHK) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 21,553 shares, an increase of 113.9% from the August 15th total of 10,074 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average daily volume of 12,953 shares, the short-interest ratio is currently 1.7 days.

iShares iBonds 2031 Term High Yield and Income ETF Stock Up 0.1%

IBHK stock opened at $25.12 on Wednesday. iShares iBonds 2031 Term High Yield and Income ETF has a 12 month low of $25.03 and a 12 month high of $26.16. The firm’s 50-day moving average is $25.46 and its 200 day moving average is $25.57.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares iBonds 2031 Term High Yield and Income ETF stock. Ascentis Independent Advisors bought a new stake in shares of iShares iBonds 2031 Term High Yield and Income ETF (BATS:IBHK) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,550 shares of the company’s stock, valued at approximately $65,000. Ascentis Independent Advisors owned 0.32% of iShares iBonds 2031 Term High Yield and Income ETF as of its most recent filing with the Securities and Exchange Commission.

About iShares iBonds 2031 Term High Yield and Income ETF

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.