iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI – Get Free Report) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 113,707 shares, a growth of 365.0% from the June 15th total of 24,452 shares. Based on an average trading volume of 156,726 shares, the short-interest ratio is presently 0.7 days. Approximately 1.5% of the shares of the stock are short sold.
Institutional Trading of iShares iBonds 2029 Term High Yield and Income ETF
Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 142.2% during the 2nd quarter. GAMMA Investing LLC now owns 12,725 shares of the company’s stock valued at $298,000 after acquiring an additional 7,472 shares during the period. McIlrath & Eck LLC raised its stake in shares of 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 valued at $403,000 after acquiring an additional 8,712 shares during the last quarter. Heartland Bank & Trust Co purchased a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the first quarter worth about $582,000. NewEdge Advisors LLC boosted its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 18.1% during the fourth quarter. NewEdge Advisors LLC now owns 883,775 shares of the company’s stock worth $20,884,000 after purchasing an additional 135,322 shares during the period. Finally, Captrust Financial Advisors raised its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% in the 4th quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after purchasing an additional 3,750 shares in the last quarter.
iShares iBonds 2029 Term High Yield and Income ETF Trading Down 0.0%
Shares of IBHI traded down $0.01 during midday trading on Friday, reaching $23.28. The stock had a trading volume of 134,271 shares, compared to its average volume of 135,708. The company has a market capitalization of $172.27 million, a price-to-earnings ratio of 10.62 and a beta of 0.53. iShares iBonds 2029 Term High Yield and Income ETF has a 12-month low of $23.01 and a 12-month high of $23.90. The company’s 50-day moving average is $23.36 and its 200 day moving average is $23.45.
iShares iBonds 2029 Term High Yield and Income ETF Company Profile
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.
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