iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Short Interest Update

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the recipient of a large increase in short interest during the month of 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. Currently, 1.6% of the company’s shares are sold short. Based on an average trading volume of 104,884 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of iShares iBonds 2029 Term High Yield and Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Heartland Bank & Trust Co bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the first quarter valued at about $582,000. High Note Wealth LLC purchased a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the fourth quarter worth about $65,000. Integrated Wealth Concepts LLC lifted its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock valued at $1,773,000 after acquiring an additional 5,200 shares during the last quarter. McIlrath & Eck LLC lifted its stake in shares of 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 valued at $403,000 after acquiring an additional 8,712 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% during the 3rd quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock valued at $17,851,000 after acquiring an additional 744,858 shares during the period.

iShares iBonds 2029 Term High Yield and Income ETF Stock Performance

Shares of iShares iBonds 2029 Term High Yield and Income ETF stock opened at $23.33 on Tuesday. 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 stock has a market capitalization of $172.64 million, a price-to-earnings ratio of 10.62 and a beta of 0.53. The company has a fifty day moving average of $23.30 and a 200-day moving average of $23.38.

About iShares iBonds 2029 Term High Yield and Income ETF

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.