iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Sees Significant Increase in Short Interest

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 9,644 shares, a growth of 152.1% from the February 12th total of 3,826 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 22,323 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 22,323 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

iShares iBonds Oct 2028 Term TIPS ETF Stock Performance

Shares of NYSEARCA IBIE opened at $26.21 on Thursday. iShares iBonds Oct 2028 Term TIPS ETF has a 52-week low of $25.69 and a 52-week high of $26.56. The company’s 50 day moving average price is $26.08 and its 200-day moving average price is $26.21.

Hedge Funds Weigh In On iShares iBonds Oct 2028 Term TIPS ETF

A number of hedge funds have recently bought and sold shares of IBIE. Osaic Holdings Inc. boosted its position in iShares iBonds Oct 2028 Term TIPS ETF by 177.9% during the second quarter. Osaic Holdings Inc. now owns 1,737 shares of the company’s stock valued at $46,000 after acquiring an additional 1,112 shares during the last quarter. Parallel Advisors LLC bought a new position in shares of iShares iBonds Oct 2028 Term TIPS ETF in the 4th quarter worth about $30,000. Creative Planning raised its position in shares of iShares iBonds Oct 2028 Term TIPS ETF by 10.0% in the 2nd quarter. Creative Planning now owns 12,570 shares of the company’s stock worth $330,000 after acquiring an additional 1,144 shares in the last quarter. MKT Advisors LLC lifted its stake in shares of iShares iBonds Oct 2028 Term TIPS ETF by 12.2% in the 4th quarter. MKT Advisors LLC now owns 17,535 shares of the company’s stock valued at $456,000 after purchasing an additional 1,903 shares during the period. Finally, Mendota Financial Group LLC acquired a new position in shares of iShares iBonds Oct 2028 Term TIPS ETF in the 3rd quarter valued at about $64,000.

About iShares iBonds Oct 2028 Term TIPS ETF

The iShares iBonds Oct 2028 Term TIPS ETF (IBIE) 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 2028. The fund will terminate in October 2028. IBIE was launched on Sep 13, 2023 and is issued by BlackRock.