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

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 9,730 shares, a drop of 47.6% from the April 15th total of 18,559 shares. Based on an average daily trading volume, of 8,856 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the company’s stock are sold short.

iShares iBonds Oct 2032 Term TIPS ETF Stock Down 0.4%

NYSEARCA IBII traded down $0.11 during trading on Friday, reaching $26.06. 5,597 shares of the company’s stock were exchanged, compared to its average volume of 9,043. The company has a 50 day moving average price of $26.04 and a two-hundred day moving average price of $26.00. iShares iBonds Oct 2032 Term TIPS ETF has a 1 year low of $25.45 and a 1 year high of $26.56.

Institutional Investors Weigh In On iShares iBonds Oct 2032 Term TIPS ETF

Several institutional investors have recently added to or reduced their stakes in IBII. Osaic Holdings Inc. boosted its holdings in 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 valued at $28,000 after purchasing an additional 463 shares in the last quarter. CENTRAL TRUST Co purchased a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF during the 3rd quarter worth approximately $50,000. Yoder Wealth Management Inc. lifted its position in shares of iShares iBonds Oct 2032 Term TIPS ETF by 69.8% during the 1st quarter. Yoder Wealth Management Inc. now owns 14,600 shares of the company’s stock worth $378,000 after buying an additional 6,000 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF in the 4th quarter valued at $251,000. Finally, Bradley & Co. Private Wealth Management LLC grew its position in shares of 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 valued at $358,000 after buying an additional 10,638 shares during the last quarter. Hedge funds and other institutional investors own 0.16% of the company’s stock.

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.