iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Short Interest Down 12.2% in January

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 20,621 shares, a decline of 12.2% from the December 31st total of 23,479 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 8,645 shares, the short-interest ratio is presently 2.4 days. Based on an average daily trading volume, of 8,645 shares, the short-interest ratio is presently 2.4 days. Approximately 0.6% of the company’s stock are sold short.

iShares iBonds Oct 2034 Term TIPS ETF Price Performance

Shares of IBIK opened at $25.70 on Tuesday. The firm has a 50 day moving average of $25.80 and a 200 day moving average of $25.94. iShares iBonds Oct 2034 Term TIPS ETF has a twelve month low of $24.43 and a twelve month high of $27.42.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IBIK. D.A. Davidson & CO. purchased a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF during the second quarter valued at $2,719,000. HighTower Advisors LLC lifted its stake in iShares iBonds Oct 2034 Term TIPS ETF by 7.7% during the 3rd quarter. HighTower Advisors LLC now owns 879,641 shares of the company’s stock valued at $23,051,000 after acquiring an additional 63,184 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of iShares iBonds Oct 2034 Term TIPS ETF by 46.3% during the 3rd quarter. Park Avenue Securities LLC now owns 78,865 shares of the company’s stock valued at $2,067,000 after acquiring an additional 24,955 shares during the last quarter. Wealth Alliance Advisory Group LLC purchased a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF during the 4th quarter valued at about $360,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the third quarter worth approximately $280,000.

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.