Short Interest in iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Rises By 196.0%

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 80,615 shares, an increase of 196.0% from the April 15th total of 27,237 shares. Based on an average daily volume of 185,360 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.1% of the company’s stock are sold short.

iShares iBonds 2029 Term High Yield and Income ETF Stock Down 0.3%

BATS IBHI opened at $23.30 on Friday. The firm has a market cap of $172.42 million, a PE ratio of 10.62 and a beta of 0.53. The company has a 50 day moving average price of $23.34 and a 200 day moving average price of $23.53. 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.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. High Note Wealth LLC bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the 4th quarter worth approximately $65,000. Reliant Wealth Planning bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the 3rd quarter worth approximately $201,000. Captrust Financial Advisors raised its stake in shares of 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 worth $383,000 after acquiring an additional 3,750 shares in the last quarter. Heartland Bank & Trust Co bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the 1st quarter worth approximately $582,000. Finally, Integrated Wealth Concepts LLC increased its stake in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock valued at $1,773,000 after purchasing an additional 5,200 shares in the last quarter.

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.