iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Short Interest Up 82.4% in August

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 104,458 shares, a growth of 82.4% from the July 30th total of 57,261 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 26,951 shares, the days-to-cover ratio is presently 3.9 days.

iShares iBonds Oct 2030 Term TIPS ETF Stock Performance

Shares of iShares iBonds Oct 2030 Term TIPS ETF stock traded down $0.11 during trading on Friday, reaching $25.59. The stock had a trading volume of 14,315 shares, compared to its average volume of 27,302. iShares iBonds Oct 2030 Term TIPS ETF has a 52 week low of $25.50 and a 52 week high of $26.87. The stock has a fifty day moving average price of $25.73 and a two-hundred day moving average price of $26.12.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IBIG. CENTRAL TRUST Co grew its position in iShares iBonds Oct 2030 Term TIPS ETF by 52.7% in the first quarter. CENTRAL TRUST Co now owns 69,638 shares of the company’s stock valued at $1,829,000 after purchasing an additional 24,044 shares in the last quarter. IFG Advisory LLC lifted its position in iShares iBonds Oct 2030 Term TIPS ETF by 130.2% during the 4th quarter. IFG Advisory LLC now owns 29,059 shares of the company’s stock worth $757,000 after buying an additional 16,438 shares in the last quarter. Quantum Financial Advisors LLC lifted its position in iShares iBonds Oct 2030 Term TIPS ETF by 1.0% during the 2nd quarter. Quantum Financial Advisors LLC now owns 281,307 shares of the company’s stock worth $7,387,000 after buying an additional 2,818 shares in the last quarter. NewEdge Advisors LLC lifted its position in iShares iBonds Oct 2030 Term TIPS ETF by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 17,914 shares of the company’s stock worth $470,000 after buying an additional 674 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new position in shares of iShares iBonds Oct 2030 Term TIPS ETF during the 1st quarter worth about $48,000.

iShares iBonds Oct 2030 Term TIPS ETF Company Profile

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.