iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 59,821 shares, a drop of 38.4% from the September 30th total of 97,144 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 27,736 shares, the short-interest ratio is presently 2.2 days.
iShares iBonds Oct 2034 Term TIPS ETF Stock Up 0.4%
NYSEARCA IBIK opened at $24.71 on Friday. The firm’s fifty day simple moving average is $24.52 and its two-hundred day simple moving average is $25.39. iShares iBonds Oct 2034 Term TIPS ETF has a 12-month low of $23.91 and a 12-month high of $26.24.
Institutional Trading of iShares iBonds Oct 2034 Term TIPS ETF
Institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. acquired a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the 3rd quarter worth $4,407,000. Park Avenue Securities LLC acquired a new position in iShares iBonds Oct 2034 Term TIPS ETF during the 3rd quarter valued at about $9,103,000. Bradley & Co. Private Wealth Management LLC increased its position in iShares iBonds Oct 2034 Term TIPS ETF by 19.4% during the 3rd quarter. Bradley & Co. Private Wealth Management LLC now owns 30,490 shares of the company’s stock valued at $736,000 after buying an additional 4,964 shares in the last quarter. Finally, Quantum Financial Advisors LLC increased its position in iShares iBonds Oct 2034 Term TIPS ETF by 7.3% during the 2nd quarter. Quantum Financial Advisors LLC now owns 12,431 shares of the company’s stock valued at $322,000 after buying an additional 851 shares in the last quarter.
About iShares iBonds Oct 2034 Term TIPS ETF
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.
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