iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 73,731 shares, an increase of 179.4% from the July 15th total of 26,385 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 86,619 shares, the short-interest ratio is currently 0.9 days.
Institutional Investors Weigh In On iShares iBonds 2028 Term High Yield and Income ETF
Institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF in the second quarter valued at about $271,000. Integrated Wealth Concepts LLC boosted its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 3.8% during the third quarter. Integrated Wealth Concepts LLC now owns 48,107 shares of the company’s stock worth $1,148,000 after purchasing an additional 1,739 shares during the period. NewEdge Advisors LLC grew its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 46.3% in the third quarter. NewEdge Advisors LLC now owns 762,495 shares of the company’s stock worth $18,193,000 after purchasing an additional 241,224 shares during the last quarter. Klaas Financial Asset Advisors LLC bought a new stake in shares of iShares iBonds 2028 Term High Yield and Income ETF in the fourth quarter worth about $489,000. Finally, Heartland Bank & Trust Co increased its holdings in iShares iBonds 2028 Term High Yield and Income ETF by 5.1% during the 4th quarter. Heartland Bank & Trust Co now owns 26,821 shares of the company’s stock valued at $635,000 after purchasing an additional 1,311 shares during the period.
iShares iBonds 2028 Term High Yield and Income ETF Price Performance
BATS IBHH opened at $23.37 on Friday. iShares iBonds 2028 Term High Yield and Income ETF has a 1-year low of $22.85 and a 1-year high of $23.92. The stock has a 50-day moving average of $23.43 and a 200-day moving average of $23.51.
About iShares iBonds 2028 Term High Yield and Income ETF
The iShares iBonds 2028 Term High Yield and Income ETF (IBHH) 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 2028. The fund will terminate in December 2028. IBHH was launched on Mar 8, 2022 and is managed by BlackRock.
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