Short Interest in iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Declines By 91.9%

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 24,452 shares, a decrease of 91.9% from the May 31st total of 303,313 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 127,041 shares, the short-interest ratio is currently 0.2 days.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

IBHI stock remained flat at $23.35 during trading on Thursday. 73,506 shares of the company traded hands, compared to its average volume of 138,153. 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 firm has a 50-day moving average of $23.40 and a 200 day moving average of $23.48. The stock has a market cap of $172.79 million, a price-to-earnings ratio of 10.62 and a beta of 0.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. High Note Wealth LLC purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF during the 4th quarter worth $65,000. Captrust Financial Advisors lifted its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 30.1% in the 4th quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after buying an additional 3,750 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock worth $1,773,000 after buying an additional 5,200 shares in the last quarter. Reliant Wealth Planning purchased a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the third quarter valued at $201,000. Finally, McIlrath & Eck LLC increased its stake 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.

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.