iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 140,966 shares, a growth of 220.1% from the September 30th total of 44,033 shares. Based on an average trading volume of 257,925 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.9% of the company’s shares are sold short.
Institutional Investors Weigh In On iShares iBonds 2029 Term High Yield and Income ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 7,472 shares in the last quarter. McIlrath & Eck LLC increased its position 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 buying an additional 8,712 shares during the period. Heartland Bank & Trust Co purchased a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the first quarter valued at about $582,000. Finally, Bullock Wealth Management Group raised its stake in iShares iBonds 2029 Term High Yield and Income ETF by 5.0% in the third quarter. Bullock Wealth Management Group now owns 37,800 shares of the company’s stock worth $858,000 after buying an additional 1,805 shares in the last quarter.
iShares iBonds 2029 Term High Yield and Income ETF Stock Down 0.2%
BATS:IBHI opened at $22.90 on Thursday. The stock has a market cap of $169.46 million, a P/E ratio of 10.62 and a beta of 0.53. The firm’s fifty day simple moving average is $23.03 and its 200 day simple moving average is $23.31. iShares iBonds 2029 Term High Yield and Income ETF has a twelve month low of $22.41 and a twelve month high of $23.82.
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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