iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Stock Short Interest Climbs 220.1%

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 140,966 shares, a growth of 220.1% from the September 30th total of 44,033 shares. Based on an average trading volume of 257,925 shares, the short-interest ratio is currently 0.5 days. Approximately 1.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 11.0% in the third quarter. GAMMA Investing LLC now owns 14,129 shares of the company’s stock worth $323,000 after acquiring an additional 1,404 shares during the last quarter. Bullock Wealth Management Group raised its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 5.0% during the 3rd quarter. Bullock Wealth Management Group now owns 37,800 shares of the company’s stock worth $858,000 after purchasing an additional 1,805 shares during the period. McIlrath & Eck LLC raised its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 101.3% during the 1st 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 bought a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the 1st quarter worth approximately $582,000.

iShares iBonds 2029 Term High Yield and Income ETF Stock Performance

IBHI opened at $22.89 on Friday. The stock has a market capitalization of $169.39 million, a PE ratio of 10.62 and a beta of 0.53. iShares iBonds 2029 Term High Yield and Income ETF has a one year low of $22.41 and a one year high of $23.82. The business’s 50 day moving average price is $23.02 and its 200 day moving average price is $23.31.

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.