Short Interest in iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Drops By 77.2%

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 6,269 shares, a drop of 77.2% from the February 26th total of 27,508 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 20,137 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 20,137 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

iShares iBonds Oct 2030 Term TIPS ETF Trading Up 0.2%

Shares of iShares iBonds Oct 2030 Term TIPS ETF stock traded up $0.04 during trading on Wednesday, reaching $26.15. The company’s stock had a trading volume of 15,429 shares, compared to its average volume of 21,355. The business’s 50-day moving average price is $26.24 and its 200-day moving average price is $26.36. iShares iBonds Oct 2030 Term TIPS ETF has a 52 week low of $25.38 and a 52 week high of $27.54.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IBIG. Parallel Advisors LLC acquired a new position in shares of iShares iBonds Oct 2030 Term TIPS ETF during the 4th quarter worth approximately $30,000. Osaic Holdings Inc. raised its position in shares of iShares iBonds Oct 2030 Term TIPS ETF by 97.6% in the second quarter. Osaic Holdings Inc. now owns 1,235 shares of the company’s stock valued at $33,000 after buying an additional 610 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of iShares iBonds Oct 2030 Term TIPS ETF by 230.3% in the third quarter. CENTRAL TRUST Co now owns 4,152 shares of the company’s stock valued at $111,000 after buying an additional 2,895 shares during the period. Susquehanna International Group LLP acquired a new stake in iShares iBonds Oct 2030 Term TIPS ETF during the third quarter worth approximately $239,000. Finally, LPL Financial LLC acquired a new stake in iShares iBonds Oct 2030 Term TIPS ETF during the fourth quarter worth approximately $251,000.

About iShares iBonds Oct 2030 Term TIPS ETF

The iShares iBonds Oct 2030 Term TIPS ETF (IBIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of US Treasury inflation-protected securities maturing between January and October 2030. The fund will terminate in October 2030 IBIG was launched on Sep 19, 2023 and is issued by BlackRock.