iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Short Interest Down 54.6% in June

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 33,801 shares, a drop of 54.6% from the May 31st total of 74,438 shares. Based on an average daily volume of 103,922 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

iShares iBonds 2028 Term High Yield and Income ETF Price Performance

Shares of IBHH opened at $23.50 on Monday. The firm’s 50 day moving average is $23.51 and its 200-day moving average is $23.58. iShares iBonds 2028 Term High Yield and Income ETF has a 12-month low of $22.85 and a 12-month high of $23.92.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Hurley Capital LLC bought a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF in the fourth quarter valued at $29,000. Heartland Bank & Trust Co boosted its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 5.1% during the 4th quarter. Heartland Bank & Trust Co now owns 26,821 shares of the company’s stock worth $635,000 after acquiring an additional 1,311 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 3.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 48,107 shares of the company’s stock worth $1,148,000 after acquiring an additional 1,739 shares in the last quarter. Parallel Advisors LLC acquired a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF in the 4th quarter worth $69,000. Finally, Captrust Financial Advisors grew its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 32.0% in the 4th quarter. Captrust Financial Advisors now owns 15,482 shares of the company’s stock worth $367,000 after acquiring an additional 3,750 shares during the last quarter.

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.