iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Stock Short Interest Rises 96.7%

iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 109,264 shares, an increase of 96.7% from the September 15th total of 55,543 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 139,793 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On iShares iBonds 2027 Term High Yield and Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in iShares iBonds 2027 Term High Yield and Income ETF by 10.9% during the 3rd quarter. GAMMA Investing LLC now owns 15,213 shares of the company’s stock valued at $331,000 after acquiring an additional 1,498 shares in the last quarter. Roble Belko & Company Inc purchased a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF during the 2nd quarter worth approximately $2,183,000. Sterling Investment Advisors Ltd. purchased a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF during the 2nd quarter worth approximately $404,000. United Community Bank bought a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF in the 2nd quarter worth approximately $38,000. Finally, Parallel Advisors LLC raised its position in shares of iShares iBonds 2027 Term High Yield and Income ETF by 32.8% in the 1st quarter. Parallel Advisors LLC now owns 42,725 shares of the company’s stock worth $946,000 after acquiring an additional 10,550 shares in the last quarter.

iShares iBonds 2027 Term High Yield and Income ETF Stock Performance

Shares of BATS IBHG opened at $21.77 on Thursday. iShares iBonds 2027 Term High Yield and Income ETF has a 12 month low of $21.64 and a 12 month high of $22.53. The firm has a fifty day simple moving average of $21.87 and a two-hundred day simple moving average of $21.99.

About iShares iBonds 2027 Term High Yield and Income ETF

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.