Short Interest in iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Increases By 794.1%

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 20,780 shares, an increase of 794.1% from the March 31st total of 2,324 shares. Based on an average daily volume of 11,481 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares iBonds Oct 2034 Term TIPS ETF

Several hedge funds have recently bought and sold shares of the stock. Quantum Financial Advisors LLC lifted its position in iShares iBonds Oct 2034 Term TIPS ETF by 0.4% during the fourth quarter. Quantum Financial Advisors LLC now owns 109,634 shares of the company’s stock valued at $2,811,000 after purchasing an additional 483 shares during the last quarter. CENTRAL TRUST Co bought a new stake in iShares iBonds Oct 2034 Term TIPS ETF during the fourth quarter valued at approximately $25,000. Park Avenue Securities LLC lifted its position in iShares iBonds Oct 2034 Term TIPS ETF by 7.7% during the fourth quarter. Park Avenue Securities LLC now owns 84,964 shares of the company’s stock valued at $2,178,000 after purchasing an additional 6,099 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in iShares iBonds Oct 2034 Term TIPS ETF during the third quarter valued at approximately $280,000. Finally, ARK & TLK Investments LLC bought a new stake in iShares iBonds Oct 2034 Term TIPS ETF during the fourth quarter valued at approximately $295,000.

iShares iBonds Oct 2034 Term TIPS ETF Trading Up 0.2%

iShares iBonds Oct 2034 Term TIPS ETF stock traded up $0.06 during mid-day trading on Friday, hitting $26.04. 11,702 shares of the company traded hands, compared to its average volume of 19,494. iShares iBonds Oct 2034 Term TIPS ETF has a one year low of $25.10 and a one year high of $26.53. The stock has a fifty day moving average price of $25.91 and a 200-day moving average price of $25.90.

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.