iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Sees Large Decrease in Short Interest

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 50,698 shares, a decrease of 86.3% from the September 15th total of 371,235 shares. Based on an average daily volume of 89,037 shares, the short-interest ratio is currently 0.6 days. Approximately 0.5% of the shares of the company are short sold.

iShares iBonds Oct 2028 Term TIPS ETF Price Performance

NYSEARCA IBIE traded up $0.05 on Monday, hitting $25.69. 214,232 shares of the stock traded hands, compared to its average volume of 56,712. The business’s fifty day moving average is $25.72 and its two-hundred day moving average is $26.01. iShares iBonds Oct 2028 Term TIPS ETF has a 12 month low of $25.54 and a 12 month high of $26.49.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IBIE. CENTRAL TRUST Co increased its holdings in iShares iBonds Oct 2028 Term TIPS ETF by 42.5% in the 1st quarter. CENTRAL TRUST Co now owns 84,085 shares of the company’s stock worth $2,206,000 after acquiring an additional 25,069 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in iShares iBonds Oct 2028 Term TIPS ETF by 55.5% during the first quarter. North Star Investment Management Corp. now owns 196,038 shares of the company’s stock valued at $5,144,000 after purchasing an additional 69,988 shares during the last quarter. Quantum Financial Advisors LLC lifted its holdings in iShares iBonds Oct 2028 Term TIPS ETF by 10.6% during the second quarter. Quantum Financial Advisors LLC now owns 368,799 shares of the company’s stock valued at $9,699,000 after purchasing an additional 35,421 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of iShares iBonds Oct 2028 Term TIPS ETF in the second quarter worth about $35,000. Finally, Burkett Financial Services LLC bought a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF in the third quarter valued at approximately $120,000.

About iShares iBonds Oct 2028 Term TIPS ETF

The iShares iBonds Oct 2028 Term TIPS ETF (IBIE) 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 2028. The fund will terminate in October 2028. IBIE was launched on Sep 13, 2023 and is issued by BlackRock.