Short Interest in iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) Drops By 49.9%

iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJGet Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 17,791 shares, a decrease of 49.9% from the May 14th total of 35,534 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 17,325 shares, the days-to-cover ratio is presently 1.0 days.

iShares iBonds 2030 Term High Yield and Income ETF Price Performance

Shares of BATS:IBHJ opened at $26.37 on Friday. The firm has a fifty day moving average of $26.38 and a two-hundred day moving average of $26.48. iShares iBonds 2030 Term High Yield and Income ETF has a 12-month low of $25.82 and a 12-month high of $26.92.

Institutional Investors Weigh In On iShares iBonds 2030 Term High Yield and Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. High Note Wealth LLC acquired a new stake in shares of iShares iBonds 2030 Term High Yield and Income ETF during the 4th quarter valued at about $25,000. Ascentis Independent Advisors acquired a new position in iShares iBonds 2030 Term High Yield and Income ETF in the first quarter worth approximately $68,000. Parallel Advisors LLC bought a new position in iShares iBonds 2030 Term High Yield and Income ETF during the first quarter valued at approximately $89,000. Finally, Captrust Financial Advisors acquired a new stake in iShares iBonds 2030 Term High Yield and Income ETF in the second quarter valued at approximately $353,000.

About iShares iBonds 2030 Term High Yield and Income ETF

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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.

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