iShares iBonds Oct 2027 Term TIPS ETF (NYSEARCA:IBID) Sees Large Increase in Short Interest

iShares iBonds Oct 2027 Term TIPS ETF (NYSEARCA:IBID) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 73,522 shares, an increase of 57.5% from the July 15th total of 46,684 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 27,492 shares, the short-interest ratio is presently 2.7 days.

iShares iBonds Oct 2027 Term TIPS ETF Price Performance

Shares of iShares iBonds Oct 2027 Term TIPS ETF stock opened at $25.77 on Wednesday. iShares iBonds Oct 2027 Term TIPS ETF has a 1 year low of $25.63 and a 1 year high of $26.39. The company’s fifty day moving average is $25.88 and its two-hundred day moving average is $26.02.

Hedge Funds Weigh In On iShares iBonds Oct 2027 Term TIPS ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantum Financial Advisors LLC raised its position in iShares iBonds Oct 2027 Term TIPS ETF by 6.7% in the second quarter. Quantum Financial Advisors LLC now owns 365,365 shares of the company’s stock worth $9,587,000 after acquiring an additional 22,856 shares in the last quarter. Jane Street Group LLC lifted its holdings in iShares iBonds Oct 2027 Term TIPS ETF by 224.7% in the fourth quarter. Jane Street Group LLC now owns 29,264 shares of the company’s stock valued at $755,000 after acquiring an additional 20,250 shares during the period. LPL Financial LLC boosted its position in shares of iShares iBonds Oct 2027 Term TIPS ETF by 148.1% during the 4th quarter. LPL Financial LLC now owns 39,222 shares of the company’s stock worth $1,012,000 after purchasing an additional 23,414 shares in the last quarter. Parallel Advisors LLC purchased a new stake in shares of iShares iBonds Oct 2027 Term TIPS ETF during the 4th quarter worth $30,000. Finally, Creative Planning grew its stake in shares of iShares iBonds Oct 2027 Term TIPS ETF by 27.9% during the 3rd quarter. Creative Planning now owns 32,447 shares of the company’s stock worth $852,000 after purchasing an additional 7,076 shares during the period.

About iShares iBonds Oct 2027 Term TIPS ETF

The iShares iBonds Oct 2027 Term TIPS ETF (IBID) 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 2027. The fund will terminate in October 2027. IBID was launched on Sep 13, 2023 and is issued by BlackRock.