iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Sees Significant Drop in Short Interest
by Danessa Lincoln · The Markets DailyiShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 4,276 shares, a decrease of 94.2% from the July 30th total of 73,731 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 187,165 shares, the short-interest ratio is currently 0.0 days.
Hedge Funds Weigh In On iShares iBonds 2028 Term High Yield and Income ETF
Several institutional investors and hedge funds have recently modified their holdings of IBHH. Hurley Capital LLC purchased a new stake in shares of iShares iBonds 2028 Term High Yield and Income ETF during the 4th quarter worth about $29,000. Parallel Advisors LLC bought a new stake in iShares iBonds 2028 Term High Yield and Income ETF in the fourth quarter worth approximately $69,000. High Note Wealth LLC grew its position in iShares iBonds 2028 Term High Yield and Income ETF by 696.0% in the fourth quarter. High Note Wealth LLC now owns 6,042 shares of the company’s stock worth $143,000 after acquiring an additional 5,283 shares in the last quarter. Ascentis Independent Advisors acquired a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF during the 1st quarter worth $188,000. Finally, Captrust Financial Advisors acquired a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF during the 2nd quarter worth $271,000.
iShares iBonds 2028 Term High Yield and Income ETF Trading Up 0.1%
BATS:IBHH traded up $0.02 on Tuesday, hitting $23.49. 62,082 shares of the company’s stock traded hands, compared to its average volume of 116,555. iShares iBonds 2028 Term High Yield and Income ETF has a 1 year low of $22.85 and a 1 year high of $23.92. The firm has a 50-day moving average price of $23.42 and a 200-day moving average price of $23.49.
About iShares iBonds 2028 Term High Yield and Income ETF
The iShares iBonds 2028 Term High Yield and Income ETF (IBHH) 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 2028. The fund will terminate in December 2028. IBHH was launched on Mar 8, 2022 and is managed by BlackRock.