iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 26,385 shares, a drop of 54.3% from the June 30th total of 57,772 shares. Based on an average daily volume of 107,521 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are sold short.
iShares iBonds 2028 Term High Yield and Income ETF Price Performance
Shares of IBHH opened at $23.40 on Wednesday. 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 firm’s 50-day moving average price is $23.46 and its 200-day moving average price is $23.54.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors bought a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF in the 2nd quarter worth approximately $271,000. Integrated Wealth Concepts LLC grew its stake in iShares iBonds 2028 Term High Yield and Income ETF by 3.8% in 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 raised 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 in the last quarter. Rebalance LLC bought a new position in iShares iBonds 2028 Term High Yield and Income ETF in the fourth quarter worth $1,105,000. Finally, Klaas Financial Asset Advisors LLC purchased a new position in iShares iBonds 2028 Term High Yield and Income ETF during the fourth quarter valued at $489,000.
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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