iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 4,276 shares, a drop of 94.2% from the July 30th total of 73,731 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 187,165 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBHH. NewEdge Advisors LLC lifted its holdings in 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 period. Captrust Financial Advisors purchased a new position in iShares iBonds 2028 Term High Yield and Income ETF in the 2nd quarter worth about $271,000. Integrated Wealth Concepts LLC raised its holdings in iShares iBonds 2028 Term High Yield and Income ETF by 23.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 59,365 shares of the company’s stock worth $1,405,000 after buying an additional 11,258 shares during the period. Ascentis Independent Advisors acquired a new stake in shares of iShares iBonds 2028 Term High Yield and Income ETF during the first quarter valued at approximately $188,000. Finally, GAMMA Investing LLC raised its stake in iShares iBonds 2028 Term High Yield and Income ETF by 134.9% during the 2nd quarter. GAMMA Investing LLC now owns 12,929 shares of the company’s stock valued at $304,000 after purchasing an additional 7,426 shares during the period.
iShares iBonds 2028 Term High Yield and Income ETF Stock Up 0.1%
IBHH stock traded up $0.02 during trading on Tuesday, hitting $23.49. 62,082 shares of the company’s stock traded hands, compared to its average volume of 116,555. iShares iBonds 2028 Term High Yield and Income ETF has a 52 week low of $22.85 and a 52 week high of $23.92. The stock has a fifty day moving average price of $23.42 and a two-hundred day moving average price of $23.49.
iShares iBonds 2028 Term High Yield and Income ETF Company Profile
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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