iShares iBonds 2031 Term High Yield and Income ETF (BATS:IBHK – Get Free Report) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 49,309 shares, an increase of 94.7% from the June 15th total of 25,321 shares. Currently, 6.2% of the shares of the company are short sold. Based on an average daily trading volume, of 44,468 shares, the days-to-cover ratio is currently 1.1 days.
iShares iBonds 2031 Term High Yield and Income ETF Stock Up 0.3%
Shares of BATS:IBHK opened at $25.66 on Thursday. The firm’s 50-day simple moving average is $25.65 and its 200-day simple moving average is $25.74. iShares iBonds 2031 Term High Yield and Income ETF has a fifty-two week low of $25.12 and a fifty-two week high of $26.16.
Institutional Investors Weigh In On iShares iBonds 2031 Term High Yield and Income ETF
A number of hedge funds have recently added to or reduced their stakes in IBHK. Captrust Financial Advisors acquired a new position in iShares iBonds 2031 Term High Yield and Income ETF during the 2nd quarter worth approximately $217,000. Flow Traders U.S. LLC purchased a new position in shares of iShares iBonds 2031 Term High Yield and Income ETF during the 3rd quarter worth approximately $225,000. Reliant Wealth Planning acquired a new stake in shares of iShares iBonds 2031 Term High Yield and Income ETF in the 3rd quarter valued at approximately $201,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of iShares iBonds 2031 Term High Yield and Income ETF in the 1st quarter valued at approximately $65,000.
About iShares iBonds 2031 Term High Yield and Income ETF
The iShares iBonds 2031 Term High Yield and Income ETF (IBHK) 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 2031. The fund will terminate in December 2031 IBHK was launched on May 22, 2024 and is issued by BlackRock.
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