iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 51,708 shares, a growth of 1,037.7% from the April 30th total of 4,545 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 75,047 shares, the days-to-cover ratio is currently 0.7 days.
iShares iBonds 2027 Term High Yield and Income ETF Price Performance
Shares of BATS IBHG opened at $22.15 on Thursday. iShares iBonds 2027 Term High Yield and Income ETF has a 1-year low of $21.95 and a 1-year high of $22.56. The stock’s 50-day moving average is $22.10 and its 200 day moving average is $22.22.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of IBHG. Bank of New York Mellon Corp purchased a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF during the first quarter valued at approximately $8,868,000. Hurley Capital LLC lifted its stake in shares of iShares iBonds 2027 Term High Yield and Income ETF by 7.5% in the 4th quarter. Hurley Capital LLC now owns 187,650 shares of the company’s stock worth $4,188,000 after purchasing an additional 13,022 shares during the period. NewEdge Advisors LLC increased its holdings in iShares iBonds 2027 Term High Yield and Income ETF by 8.8% during the fourth quarter. NewEdge Advisors LLC now owns 152,907 shares of the company’s stock valued at $3,413,000 after buying an additional 12,405 shares during the last quarter. Advisory Services Network LLC increased its holdings in iShares iBonds 2027 Term High Yield and Income ETF by 2.5% during the fourth quarter. Advisory Services Network LLC now owns 81,490 shares of the company’s stock valued at $1,819,000 after buying an additional 1,958 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in iShares iBonds 2027 Term High Yield and Income ETF by 24.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 72,105 shares of the company’s stock worth $1,609,000 after acquiring an additional 14,193 shares during the period.
iShares iBonds 2027 Term High Yield and Income ETF Company Profile
The iShares iBonds 2027 Term High Yield and Income ETF (IBHG) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2027. The fund will terminate in December 2027. IBHG was launched on Jul 7, 2021 and is managed by BlackRock.
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