iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 61,350 shares, a decrease of 46.0% from the June 30th total of 113,707 shares. Based on an average trading volume of 111,630 shares, the short-interest ratio is presently 0.5 days. Approximately 0.8% of the shares of the company are short sold.
Institutional Trading of iShares iBonds 2029 Term High Yield and Income ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBHI. Integrated Wealth Concepts LLC increased its position in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock worth $1,773,000 after buying an additional 5,200 shares during the period. NewEdge Advisors LLC grew its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% in the third quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock worth $17,851,000 after acquiring an additional 744,858 shares during the last quarter. High Note Wealth LLC acquired a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the fourth quarter worth $65,000. Captrust Financial Advisors increased its position in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% during the fourth quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after acquiring an additional 3,750 shares during the period. Finally, Heartland Bank & Trust Co bought a new position in iShares iBonds 2029 Term High Yield and Income ETF during the first quarter worth $582,000.
iShares iBonds 2029 Term High Yield and Income ETF Stock Performance
Shares of BATS:IBHI opened at $23.27 on Thursday. The company has a market cap of $172.20 million, a P/E ratio of 10.62 and a beta of 0.53. The stock’s 50-day moving average is $23.33 and its 200-day moving average is $23.42. 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.
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.
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