iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Short Interest Down 35.9% in August

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 76,516 shares, a decrease of 35.9% from the July 30th total of 119,294 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 67,732 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its position in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock worth $1,773,000 after acquiring an additional 5,200 shares in the last quarter. NewEdge Advisors LLC raised its position in iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% during the third quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock valued at $17,851,000 after purchasing an additional 744,858 shares during the period. High Note Wealth LLC purchased a new stake in iShares iBonds 2029 Term High Yield and Income ETF during the fourth quarter valued at approximately $65,000. Captrust Financial Advisors lifted its stake 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 valued at $383,000 after purchasing an additional 3,750 shares during the last quarter. Finally, Heartland Bank & Trust Co bought a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the 1st quarter valued at approximately $582,000.

iShares iBonds 2029 Term High Yield and Income ETF Stock Up 0.0%

IBHI stock opened at $23.36 on Tuesday. 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 market capitalization of $172.86 million, a P/E ratio of 10.62 and a beta of 0.53. The company has a fifty day simple moving average of $23.30 and a two-hundred day simple moving average of $23.36.

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.