iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) Short Interest Down 37.3% in July

iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 36,325 shares, a decline of 37.3% from the June 30th total of 57,927 shares. Based on an average daily volume of 31,929 shares, the short-interest ratio is currently 1.1 days. Approximately 1.7% of the shares of the company are sold short.

iShares iBonds 2030 Term High Yield and Income ETF Stock Performance

Shares of IBHJ opened at $26.29 on Friday. The business has a 50-day simple moving average of $26.35 and a two-hundred day simple moving average of $26.42. iShares iBonds 2030 Term High Yield and Income ETF has a 52 week low of $25.82 and a 52 week high of $26.92.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors increased its holdings in iShares iBonds 2030 Term High Yield and Income ETF by 60.2% in the 4th quarter. Captrust Financial Advisors now owns 21,566 shares of the company’s stock worth $574,000 after acquiring an additional 8,100 shares in the last quarter. Parallel Advisors LLC purchased a new position in iShares iBonds 2030 Term High Yield and Income ETF during the first quarter valued at approximately $89,000. Ascentis Independent Advisors bought a new position in shares of iShares iBonds 2030 Term High Yield and Income ETF in the first quarter worth approximately $68,000. Finally, High Note Wealth LLC bought a new position in shares of iShares iBonds 2030 Term High Yield and Income ETF in the fourth quarter worth approximately $25,000.

iShares iBonds 2030 Term High Yield and Income ETF Company Profile

The iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) 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 2030. The fund will terminate in December 2030. IBHJ was launched on Jun 21, 2023 and is managed by BlackRock.