Short Interest in iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Grows By 1,103.4%

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 24,729 shares, an increase of 1,103.4% from the May 14th total of 2,055 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 9,720 shares, the short-interest ratio is currently 2.5 days.

Hedge Funds Weigh In On iShares iBonds Oct 2034 Term TIPS ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC grew its stake in shares of iShares iBonds Oct 2034 Term TIPS ETF by 7.7% in the 3rd quarter. HighTower Advisors LLC now owns 879,641 shares of the company’s stock worth $23,051,000 after buying an additional 63,184 shares during the last quarter. ARK & TLK Investments LLC purchased a new position in iShares iBonds Oct 2034 Term TIPS ETF during the fourth quarter valued at $295,000. Quantum Financial Advisors LLC raised its stake 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 buying an additional 483 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in iShares iBonds Oct 2034 Term TIPS ETF by 11.8% in the fourth quarter. D.A. Davidson & CO. now owns 157,241 shares of the company’s stock worth $4,032,000 after acquiring an additional 16,614 shares in the last quarter. Finally, CENTRAL TRUST Co purchased a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter worth $25,000.

iShares iBonds Oct 2034 Term TIPS ETF Stock Performance

Shares of NYSEARCA:IBIK traded down $0.02 during midday trading on Wednesday, hitting $25.75. 16,025 shares of the stock traded hands, compared to its average volume of 16,764. The business’s 50 day moving average is $25.89 and its two-hundred day moving average is $25.88. iShares iBonds Oct 2034 Term TIPS ETF has a one year low of $25.26 and a one year high of $26.53.

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.