iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Sees Large Increase in Short Interest

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 77,049 shares, an increase of 230.8% from the June 30th total of 23,293 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average daily volume of 13,097 shares, the short-interest ratio is currently 5.9 days.

Hedge Funds Weigh In On iShares iBonds Oct 2034 Term TIPS ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Alliance Advisory Group LLC bought a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter valued at approximately $360,000. D.A. Davidson & CO. lifted its holdings in iShares iBonds Oct 2034 Term TIPS ETF by 11.8% during the fourth quarter. D.A. Davidson & CO. now owns 157,241 shares of the company’s stock worth $4,032,000 after acquiring an additional 16,614 shares during the period. CENTRAL TRUST Co purchased a new position in iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter worth $25,000. HighTower Advisors LLC grew its stake in iShares iBonds Oct 2034 Term TIPS ETF by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 891,168 shares of the company’s stock valued at $22,850,000 after purchasing an additional 11,527 shares during the period. Finally, ARK & TLK Investments LLC bought a new position in iShares iBonds Oct 2034 Term TIPS ETF in the 4th quarter valued at $295,000.

iShares iBonds Oct 2034 Term TIPS ETF Stock Up 0.3%

iShares iBonds Oct 2034 Term TIPS ETF stock traded up $0.07 during midday trading on Tuesday, hitting $25.01. 12,293 shares of the stock were exchanged, compared to its average volume of 16,211. iShares iBonds Oct 2034 Term TIPS ETF has a 52-week low of $24.94 and a 52-week high of $26.53. The business’s 50-day moving average price is $25.56 and its 200-day moving average price is $25.76.

iShares iBonds Oct 2034 Term TIPS ETF Company Profile

The iShares iBonds Oct 2034 Term TIPS ETF (IBIK) 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 2034. The fund will terminate in October 2034 IBIK was launched on May 22, 2024 and is issued by BlackRock.