Short Interest in iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Drops By 28.0%

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 7,700 shares, a decrease of 28.0% from the May 15th total of 10,700 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 22,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On iShares iBonds Oct 2034 Term TIPS ETF

Hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC purchased a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the first quarter worth $19,878,000. Quantum Financial Advisors LLC raised its position in shares of iShares iBonds Oct 2034 Term TIPS ETF by 885.9% in the 1st quarter. Quantum Financial Advisors LLC now owns 108,178 shares of the company’s stock worth $2,801,000 after purchasing an additional 97,205 shares during the last quarter. Flow Traders U.S. LLC boosted its stake in iShares iBonds Oct 2034 Term TIPS ETF by 206.9% in the 1st quarter. Flow Traders U.S. LLC now owns 50,543 shares of the company’s stock worth $1,309,000 after purchasing an additional 34,076 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in iShares iBonds Oct 2034 Term TIPS ETF by 12.5% in the 4th quarter. Jane Street Group LLC now owns 10,280 shares of the company’s stock worth $253,000 after purchasing an additional 1,142 shares in the last quarter.

iShares iBonds Oct 2034 Term TIPS ETF Trading Up 0.1%

IBIK opened at $25.54 on Friday. The stock has a fifty day simple moving average of $25.32 and a two-hundred day simple moving average of $25.22. iShares iBonds Oct 2034 Term TIPS ETF has a 12-month low of $24.43 and a 12-month high of $27.42.

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.