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

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 24,452 shares, a decrease of 91.9% from the May 31st total of 303,313 shares. Based on an average daily trading volume, of 127,041 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. High Note Wealth LLC purchased a new stake in iShares iBonds 2029 Term High Yield and Income ETF in the fourth quarter valued at approximately $65,000. Reliant Wealth Planning purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF during the third quarter worth approximately $201,000. Captrust Financial Advisors raised its stake in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% during the fourth quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after purchasing an additional 3,750 shares during the period. McIlrath & Eck LLC raised its stake in iShares iBonds 2029 Term High Yield and Income ETF by 101.3% during the first quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock worth $403,000 after purchasing an additional 8,712 shares during the period. Finally, Heartland Bank & Trust Co acquired a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the 1st quarter valued at $582,000.

iShares iBonds 2029 Term High Yield and Income ETF Trading Down 0.0%

Shares of BATS:IBHI opened at $23.34 on Friday. The firm has a market cap of $172.72 million, a price-to-earnings ratio of 10.62 and a beta of 0.53. The stock’s 50-day moving average price is $23.40 and its two-hundred day moving average price is $23.48. iShares iBonds 2029 Term High Yield and Income ETF has a 12-month low of $23.01 and a 12-month high of $23.90.

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.