iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Sees Significant Increase in Short Interest

iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 109,264 shares, an increase of 96.7% from the September 15th total of 55,543 shares. Based on an average daily trading volume, of 139,793 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Trading of iShares iBonds 2027 Term High Yield and Income ETF

A number of large investors have recently modified their holdings of IBHG. Roble Belko & Company Inc bought a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF in the second quarter worth approximately $2,183,000. Bank of New York Mellon Corp purchased a new stake in iShares iBonds 2027 Term High Yield and Income ETF in the first quarter valued at approximately $8,868,000. GAMMA Investing LLC lifted its position in iShares iBonds 2027 Term High Yield and Income ETF by 10.9% during the third quarter. GAMMA Investing LLC now owns 15,213 shares of the company’s stock valued at $331,000 after purchasing an additional 1,498 shares during the last quarter. Sterling Investment Advisors Ltd. bought a new stake in iShares iBonds 2027 Term High Yield and Income ETF during the second quarter valued at approximately $404,000. Finally, United Community Bank bought a new stake in iShares iBonds 2027 Term High Yield and Income ETF during the second quarter valued at approximately $38,000.

iShares iBonds 2027 Term High Yield and Income ETF Stock Performance

Shares of BATS IBHG opened at $21.76 on Friday. The stock’s 50-day simple moving average is $21.87 and its two-hundred day simple moving average is $21.99. iShares iBonds 2027 Term High Yield and Income ETF has a twelve month low of $21.64 and a twelve month high of $22.53.

iShares iBonds 2027 Term High Yield and Income ETF Company Profile

The iShares iBonds 2027 Term High Yield and Income ETF (IBHG) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2027. The fund will terminate in December 2027. IBHG was launched on Jul 7, 2021 and is managed by BlackRock.