iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Shares Shorted: Short Interest Down 66.6% in October

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 47,080 shares, a drop of 66.6% from the October 15th total of 140,966 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 105,807 shares, the short-interest ratio is presently 0.4 days.

iShares iBonds 2029 Term High Yield and Income ETF Stock Down 0.4%

Shares of iShares iBonds 2029 Term High Yield and Income ETF stock opened at $22.71 on Friday. The business has a 50-day moving average price of $22.91 and a 200 day moving average price of $23.26. iShares iBonds 2029 Term High Yield and Income ETF has a fifty-two week low of $22.41 and a fifty-two week high of $23.82. The firm has a market cap of $168.05 million, a P/E ratio of 10.62 and a beta of 0.53.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC lifted its stake in iShares iBonds 2029 Term High Yield and Income ETF by 300.0% during the third quarter. Parallel Advisors LLC now owns 5,400 shares of the company’s stock worth $123,000 after purchasing an additional 4,050 shares during the last quarter. GAMMA Investing LLC increased its stake in iShares iBonds 2029 Term High Yield and Income ETF by 142.2% during the second quarter. GAMMA Investing LLC now owns 12,725 shares of the company’s stock valued at $298,000 after purchasing an additional 7,472 shares during the last quarter. McIlrath & Eck LLC raised its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 101.3% during the first quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock worth $403,000 after purchasing an additional 8,712 shares during the period. Heartland Bank & Trust Co acquired a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the first quarter worth $582,000. Finally, Bullock Wealth Management Group raised its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 5.0% during the third quarter. Bullock Wealth Management Group now owns 37,800 shares of the company’s stock worth $858,000 after purchasing an additional 1,805 shares during the period.

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.