iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Short Interest Down 35.9% in August

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 76,516 shares, a drop of 35.9% from the July 30th total of 119,294 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 67,732 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

Large investors have recently made changes to their positions in the company. Heartland Bank & Trust Co purchased a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the first quarter worth about $582,000. NewEdge Advisors LLC grew its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 18.1% during the 4th quarter. NewEdge Advisors LLC now owns 883,775 shares of the company’s stock valued at $20,884,000 after buying an additional 135,322 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 17.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 87,297 shares of the company’s stock valued at $2,063,000 after buying an additional 12,955 shares in the last quarter. Captrust Financial Advisors increased its stake in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% in the 4th quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after acquiring an additional 3,750 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in iShares iBonds 2029 Term High Yield and Income ETF by 142.2% in the 2nd quarter. GAMMA Investing LLC now owns 12,725 shares of the company’s stock worth $298,000 after acquiring an additional 7,472 shares during the last quarter.

iShares iBonds 2029 Term High Yield and Income ETF Stock Performance

Shares of BATS IBHI opened at $23.36 on Tuesday. The company has a market cap of $172.86 million, a P/E ratio of 10.62 and a beta of 0.53. iShares iBonds 2029 Term High Yield and Income ETF has a 52-week low of $23.01 and a 52-week high of $23.90. The firm’s fifty day moving average is $23.30 and its two-hundred day moving average is $23.36.

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.