Short Interest in iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Grows By 56.5%

iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 194,762 shares, a growth of 56.5% from the July 15th total of 124,460 shares. Based on an average daily volume of 121,335 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.4% of the company’s stock are short sold.

iShares iBonds 2027 Term High Yield and Income ETF Stock Up 0.2%

Shares of BATS:IBHG opened at $21.98 on Wednesday. iShares iBonds 2027 Term High Yield and Income ETF has a 1 year low of $21.90 and a 1 year high of $22.56. The stock’s fifty day moving average price is $21.99 and its 200-day moving average price is $22.08.

Institutional Trading of iShares iBonds 2027 Term High Yield and Income ETF

Institutional investors have recently made changes to their positions in the stock. Ascentis Independent Advisors purchased a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF during the first quarter valued at approximately $61,000. Arkadios Wealth Advisors bought a new position in iShares iBonds 2027 Term High Yield and Income ETF during the first quarter valued at approximately $205,000. High Note Wealth LLC boosted its holdings in iShares iBonds 2027 Term High Yield and Income ETF by 201.7% in the fourth quarter. High Note Wealth LLC now owns 10,713 shares of the company’s stock worth $239,000 after purchasing an additional 7,162 shares during the last quarter. GAMMA Investing LLC boosted its holdings in iShares iBonds 2027 Term High Yield and Income ETF by 148.3% in the second quarter. GAMMA Investing LLC now owns 13,715 shares of the company’s stock worth $303,000 after purchasing an additional 8,192 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in iShares iBonds 2027 Term High Yield and Income ETF by 34.2% in the 4th quarter. Captrust Financial Advisors now owns 16,470 shares of the company’s stock worth $368,000 after purchasing an additional 4,200 shares during the period.

iShares iBonds 2027 Term High Yield and Income ETF Company Profile

The iShares iBonds 2027 Term High Yield and Income ETF (IBHG) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2027. The fund will terminate in December 2027. IBHG was launched on Jul 7, 2021 and is managed by BlackRock.