iShares iBonds Oct 2024 Term TIPS ETF (NYSEARCA:IBIA) Trading 0.1% Higher – Here’s Why

iShares iBonds Oct 2024 Term TIPS ETF (NYSEARCA:IBIA)’s share price shot up 0.1% during trading on Friday . The stock traded as high as $25.10 and last traded at $25.10. 100 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 3,083 shares. The stock had previously closed at $25.08.

iShares iBonds Oct 2024 Term TIPS ETF Price Performance

The business has a 50 day simple moving average of $25.10 and a two-hundred day simple moving average of $25.10.

Hedge Funds Weigh In On iShares iBonds Oct 2024 Term TIPS ETF

A hedge fund recently raised its stake in iShares iBonds Oct 2024 Term TIPS ETF stock. Jane Street Group LLC increased its holdings in shares of iShares iBonds Oct 2024 Term TIPS ETF (NYSEARCA:IBIA) by 42.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,266 shares of the company’s stock after purchasing an additional 12,241 shares during the period. Jane Street Group LLC owned 8.25% of iShares iBonds Oct 2024 Term TIPS ETF worth $1,048,000 as of its most recent SEC filing.

About iShares iBonds Oct 2024 Term TIPS ETF

The iShares iBonds Oct 2024 Term TIPS ETF (IBIA) 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 2024. The fund will terminate in October 2024 IBIA was launched on Sep 13, 2023 and is issued by BlackRock.