iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Sees Large Drop in Short Interest

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 63,206 shares, a drop of 51.2% from the August 31st total of 129,499 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 70,007 shares, the short-interest ratio is presently 0.9 days.

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

Several hedge funds have recently added to or reduced their stakes in IBHI. Heartland Bank & Trust Co purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF in the first quarter worth approximately $582,000. GAMMA Investing LLC increased its position in shares of 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 valued at $298,000 after purchasing an additional 7,472 shares during the last quarter. Finally, McIlrath & Eck LLC increased its position 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 purchasing an additional 8,712 shares during the last quarter.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

Shares of BATS IBHI opened at $22.91 on Tuesday. The company has a market cap of $169.53 million, a price-to-earnings ratio of 10.62 and a beta of 0.53. The stock’s 50-day moving average is $23.23 and its two-hundred day moving average is $23.30. iShares iBonds 2029 Term High Yield and Income ETF has a 1-year low of $22.87 and a 1-year high of $23.86.

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.