iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Short Interest Update

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 129,499 shares, an increase of 69.2% from the August 15th total of 76,516 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 71,711 shares, the short-interest ratio is presently 1.8 days.

Institutional Investors Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

A number of institutional investors have recently added to or reduced their stakes in IBHI. Heartland Bank & Trust Co acquired a new position in iShares iBonds 2029 Term High Yield and Income ETF during the first quarter worth $582,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 7,472 shares in the last quarter. Finally, McIlrath & Eck LLC raised its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 101.3% during the 1st quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock worth $403,000 after purchasing an additional 8,712 shares during the last quarter.

iShares iBonds 2029 Term High Yield and Income ETF Stock Up 0.4%

BATS:IBHI opened at $23.16 on Friday. iShares iBonds 2029 Term High Yield and Income ETF has a 52 week low of $23.01 and a 52 week high of $23.90. The stock has a market capitalization of $171.38 million, a PE ratio of 10.62 and a beta of 0.53. The stock’s 50-day moving average price is $23.26 and its 200-day moving average price is $23.32.

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.