iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) Sees Significant Increase in Short Interest

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 29,545 shares, a growth of 162.8% from the February 26th total of 11,241 shares. Based on an average daily trading volume, of 5,386 shares, the days-to-cover ratio is presently 5.5 days. Currently, 2.5% of the shares of the company are short sold.

iShares iBonds Oct 2032 Term TIPS ETF Price Performance

Shares of IBII stock remained flat at $25.71 during trading hours on Friday. The stock had a trading volume of 2,961 shares, compared to its average volume of 7,984. The stock’s 50-day moving average price is $25.99 and its 200-day moving average price is $26.05. iShares iBonds Oct 2032 Term TIPS ETF has a 12-month low of $24.82 and a 12-month high of $26.56.

Hedge Funds Weigh In On iShares iBonds Oct 2032 Term TIPS ETF

A number of hedge funds have recently modified their holdings of IBII. Osaic Holdings Inc. increased its stake in shares of iShares iBonds Oct 2032 Term TIPS ETF by 74.1% in the second quarter. Osaic Holdings Inc. now owns 1,088 shares of the company’s stock worth $28,000 after purchasing an additional 463 shares in the last quarter. CENTRAL TRUST Co purchased a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF during the 3rd quarter valued at $50,000. Jane Street Group LLC bought a new position in iShares iBonds Oct 2032 Term TIPS ETF in the 4th quarter worth $251,000. Bradley & Co. Private Wealth Management LLC boosted its holdings in iShares iBonds Oct 2032 Term TIPS ETF by 357.6% in the 3rd quarter. Bradley & Co. Private Wealth Management LLC now owns 13,613 shares of the company’s stock worth $358,000 after buying an additional 10,638 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in iShares iBonds Oct 2032 Term TIPS ETF in the 3rd quarter worth $1,645,000. 0.16% of the stock is currently owned by institutional investors.

About iShares iBonds Oct 2032 Term TIPS ETF

The iShares iBonds Oct 2032 Term TIPS ETF (IBII) 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 2032. The fund will terminate in October 2032 IBII was launched on Sep 19, 2023 and is issued by BlackRock.