iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 63,206 shares, a drop of 51.2% from the August 31st total of 129,499 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 70,007 shares, the short-interest ratio is currently 0.9 days.
iShares iBonds 2029 Term High Yield and Income ETF Price Performance
Shares of BATS:IBHI opened at $22.85 on Wednesday. iShares iBonds 2029 Term High Yield and Income ETF has a 12 month low of $22.80 and a 12 month high of $23.86. The firm has a market capitalization of $169.09 million, a P/E ratio of 10.62 and a beta of 0.53. The company’s fifty day moving average price is $23.22 and its 200 day moving average price is $23.30.
Institutional Trading of iShares iBonds 2029 Term High Yield and Income ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Heartland Bank & Trust Co acquired a new position in iShares iBonds 2029 Term High Yield and Income ETF during the second quarter worth approximately $3,253,000. McIlrath & Eck LLC boosted its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 101.3% in the first quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock valued at $403,000 after acquiring an additional 8,712 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 142.2% during the second quarter. GAMMA Investing LLC now owns 12,725 shares of the company’s stock worth $298,000 after acquiring an additional 7,472 shares during the last quarter.
About iShares iBonds 2029 Term High Yield and Income ETF
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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