iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Stock Short Interest Climbs 74.9%

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 95,068 shares, an increase of 74.9% from the September 30th total of 54,346 shares. Based on an average daily volume of 143,378 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IBHH. Parallel Advisors LLC grew its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 107.7% during the first quarter. Parallel Advisors LLC now owns 6,076 shares of the company’s stock worth $143,000 after acquiring an additional 3,151 shares during the last quarter. Ascentis Independent Advisors acquired a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF during the first quarter valued at about $188,000. Peck Wealth Management LLC purchased a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF in the 3rd quarter valued at approximately $261,000. GAMMA Investing LLC raised its position in shares of iShares iBonds 2028 Term High Yield and Income ETF by 134.9% in the 2nd quarter. GAMMA Investing LLC now owns 12,929 shares of the company’s stock valued at $304,000 after purchasing an additional 7,426 shares during the last quarter. Finally, Bullock Wealth Management Group raised its position in shares of iShares iBonds 2028 Term High Yield and Income ETF by 6.2% in the 3rd quarter. Bullock Wealth Management Group now owns 29,973 shares of the company’s stock valued at $691,000 after purchasing an additional 1,752 shares during the last quarter.

iShares iBonds 2028 Term High Yield and Income ETF Trading Down 0.6%

IBHH opened at $23.06 on Tuesday. The business’s 50-day moving average is $23.23 and its two-hundred day moving average is $23.45. iShares iBonds 2028 Term High Yield and Income ETF has a 1 year low of $22.85 and a 1 year high of $23.83.

About iShares iBonds 2028 Term High Yield and Income ETF

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.