iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) Sees Large Growth in Short Interest

iShares iBonds 2030 Term High Yield and Income ETF (BATS:IBHJ) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 69,283 shares, an increase of 90.7% from the July 15th total of 36,325 shares. Based on an average trading volume of 36,316 shares, the short-interest ratio is currently 1.9 days. Approximately 3.1% of the company’s stock are sold short.

Institutional Trading of iShares iBonds 2030 Term High Yield and Income ETF

Hedge funds have recently made changes to their positions in the stock. High Note Wealth LLC purchased a new stake in shares of iShares iBonds 2030 Term High Yield and Income ETF in the 4th quarter worth approximately $25,000. Ascentis Independent Advisors purchased a new position in iShares iBonds 2030 Term High Yield and Income ETF during the first quarter valued at $68,000. Parallel Advisors LLC bought a new stake in iShares iBonds 2030 Term High Yield and Income ETF in the first quarter worth $89,000. Finally, Captrust Financial Advisors bought a new stake in iShares iBonds 2030 Term High Yield and Income ETF in the second quarter worth $353,000.

iShares iBonds 2030 Term High Yield and Income ETF Stock Performance

Shares of IBHJ opened at $26.32 on Tuesday. iShares iBonds 2030 Term High Yield and Income ETF has a fifty-two week low of $25.82 and a fifty-two week high of $26.92. The firm’s 50-day simple moving average is $26.34 and its two-hundred day simple moving average is $26.39.

iShares iBonds 2030 Term High Yield and Income ETF Company Profile

The iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) 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 2030. The fund will terminate in December 2030. IBHJ was launched on Jun 21, 2023 and is managed by BlackRock.