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

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 129,499 shares, a growth of 69.2% from the August 15th total of 76,516 shares. Based on an average daily trading volume, of 71,711 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.7% of the company’s stock are sold short.

iShares iBonds 2029 Term High Yield and Income ETF Trading Down 0.2%

Shares of IBHI opened at $23.12 on Friday. iShares iBonds 2029 Term High Yield and Income ETF has a 52 week low of $23.01 and a 52 week high of $23.90. The firm has a market cap of $171.09 million, a price-to-earnings ratio of 10.62 and a beta of 0.53. The stock has a 50 day moving average of $23.26 and a 200-day moving average of $23.32.

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

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings 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 buying an additional 7,472 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 acquiring an additional 8,712 shares during the period. Finally, Heartland Bank & Trust Co bought a new position in iShares iBonds 2029 Term High Yield and Income ETF in the first quarter worth about $582,000.

About iShares iBonds 2029 Term High Yield and Income ETF

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.