iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Sees Significant Growth in Short Interest

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 8,066 shares, an increase of 28.7% from the March 15th total of 6,269 shares. Based on an average daily trading volume, of 15,231 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

iShares iBonds Oct 2030 Term TIPS ETF Stock Performance

iShares iBonds Oct 2030 Term TIPS ETF stock opened at $26.36 on Thursday. iShares iBonds Oct 2030 Term TIPS ETF has a 52 week low of $25.83 and a 52 week high of $26.87. The business has a 50-day simple moving average of $26.28 and a 200 day simple moving average of $26.31.

Hedge Funds Weigh In On iShares iBonds Oct 2030 Term TIPS ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBIG. Royal Bank of Canada grew its position in iShares iBonds Oct 2030 Term TIPS ETF by 13.9% during the first quarter. Royal Bank of Canada now owns 14,341 shares of the company’s stock worth $379,000 after buying an additional 1,748 shares in the last quarter. Creative Planning purchased a new position in iShares iBonds Oct 2030 Term TIPS ETF during the second quarter worth about $279,000. Osaic Holdings Inc. grew its position in iShares iBonds Oct 2030 Term TIPS ETF by 97.6% during the second quarter. Osaic Holdings Inc. now owns 1,235 shares of the company’s stock worth $33,000 after buying an additional 610 shares in the last quarter. Quantum Financial Advisors LLC grew its position in iShares iBonds Oct 2030 Term TIPS ETF by 11.4% during the third quarter. Quantum Financial Advisors LLC now owns 192,684 shares of the company’s stock worth $5,141,000 after buying an additional 19,769 shares in the last quarter. Finally, MKT Advisors LLC grew its position in iShares iBonds Oct 2030 Term TIPS ETF by 11.9% during the third quarter. MKT Advisors LLC now owns 13,063 shares of the company’s stock worth $345,000 after buying an additional 1,390 shares in the last quarter.

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.