Short Interest in iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Grows By 94.4%

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 119,294 shares, an increase of 94.4% from the July 15th total of 61,350 shares. Based on an average daily volume of 104,884 shares, the short-interest ratio is presently 1.1 days. Approximately 1.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. High Note Wealth LLC bought a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the fourth quarter worth about $65,000. GAMMA Investing LLC grew its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 142.2% during the 2nd quarter. GAMMA Investing LLC now owns 12,725 shares of the company’s stock valued at $298,000 after buying an additional 7,472 shares in the last quarter. Captrust Financial Advisors grew its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% during the 4th quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock valued at $383,000 after buying an additional 3,750 shares in the last quarter. McIlrath & Eck LLC increased its stake in iShares iBonds 2029 Term High Yield and Income ETF by 101.3% in the 1st quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock worth $403,000 after acquiring an additional 8,712 shares during the last quarter. Finally, Heartland Bank & Trust Co bought a new stake in iShares iBonds 2029 Term High Yield and Income ETF in the 1st quarter worth approximately $582,000.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

IBHI stock opened at $23.30 on Monday. iShares iBonds 2029 Term High Yield and Income ETF has a 1-year low of $23.01 and a 1-year high of $23.90. The company has a market capitalization of $172.42 million, a price-to-earnings ratio of 10.62 and a beta of 0.53. The business has a 50 day simple moving average of $23.30 and a two-hundred day simple moving average of $23.38.

iShares iBonds 2029 Term High Yield and Income ETF Company Profile

The iShares iBonds 2029 Term High Yield and Income ETF (IBHI) 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 2029. The fund will terminate in December 2029. IBHI was launched on Mar 8, 2022 and is managed by BlackRock.