iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Sees Large Growth in Short Interest

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 88,115 shares, a growth of 136.9% from the April 30th total of 37,189 shares. Based on an average trading volume of 91,995 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.8% of the company’s stock are sold short.

iShares iBonds 2028 Term High Yield and Income ETF Trading Up 0.0%

Shares of iShares iBonds 2028 Term High Yield and Income ETF stock opened at $23.58 on Friday. iShares iBonds 2028 Term High Yield and Income ETF has a 52-week low of $22.85 and a 52-week high of $23.92. The company has a 50 day moving average of $23.50 and a 200 day moving average of $23.61.

Institutional Trading of iShares iBonds 2028 Term High Yield and Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hurley Capital LLC acquired a new stake in iShares iBonds 2028 Term High Yield and Income ETF during the fourth quarter worth approximately $29,000. Parallel Advisors LLC acquired a new stake in iShares iBonds 2028 Term High Yield and Income ETF during the fourth quarter worth approximately $69,000. High Note Wealth LLC raised its holdings in iShares iBonds 2028 Term High Yield and Income ETF by 696.0% during the fourth quarter. High Note Wealth LLC now owns 6,042 shares of the company’s stock worth $143,000 after purchasing an additional 5,283 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in iShares iBonds 2028 Term High Yield and Income ETF during the first quarter worth approximately $188,000. Finally, Captrust Financial Advisors acquired a new stake in iShares iBonds 2028 Term High Yield and Income ETF during the second quarter worth approximately $271,000.

iShares iBonds 2028 Term High Yield and Income ETF Company Profile

The iShares iBonds 2028 Term High Yield and Income ETF (IBHH) 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 2028. The fund will terminate in December 2028. IBHH was launched on Mar 8, 2022 and is managed by BlackRock.