Short Interest in iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Increases By 402.3%

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 62,990 shares, an increase of 402.3% from the April 15th total of 12,540 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 18,875 shares, the short-interest ratio is presently 3.3 days.

iShares iBonds Oct 2030 Term TIPS ETF Stock Performance

NYSEARCA IBIG traded down $0.06 on Friday, hitting $26.41. 269 shares of the company’s stock were exchanged, compared to its average volume of 24,142. iShares iBonds Oct 2030 Term TIPS ETF has a fifty-two week low of $25.95 and a fifty-two week high of $26.87. The firm’s 50-day moving average price is $26.34 and its two-hundred day moving average price is $26.30.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. increased its holdings in shares of iShares iBonds Oct 2030 Term TIPS ETF by 97.6% in the 2nd quarter. Osaic Holdings Inc. now owns 1,235 shares of the company’s stock valued at $33,000 after purchasing an additional 610 shares in the last quarter. Parallel Advisors LLC purchased a new position in iShares iBonds Oct 2030 Term TIPS ETF in the 4th quarter valued at approximately $30,000. Creative Planning increased its stake in iShares iBonds Oct 2030 Term TIPS ETF by 12.0% in the 3rd quarter. Creative Planning now owns 11,793 shares of the company’s stock valued at $315,000 after purchasing an additional 1,266 shares in the last quarter. Royal Bank of Canada raised its holdings 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 purchasing an additional 1,748 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in iShares iBonds Oct 2030 Term TIPS ETF by 11.4% during the fourth quarter. NewEdge Advisors LLC now owns 17,240 shares of the company’s stock worth $449,000 after purchasing an additional 1,766 shares during 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.