iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH) Sees Large Drop in Short Interest

iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 33,359 shares, a decrease of 37.2% from the May 31st total of 53,155 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 13,421 shares, the days-to-cover ratio is currently 2.5 days.

iShares iBonds Oct 2031 Term TIPS ETF Stock Performance

Shares of IBIH stock traded up $0.01 during midday trading on Thursday, hitting $25.65. 12,233 shares of the company were exchanged, compared to its average volume of 12,611. The firm’s 50 day moving average price is $26.32 and its two-hundred day moving average price is $26.24. iShares iBonds Oct 2031 Term TIPS ETF has a 52 week low of $25.64 and a 52 week high of $26.79.

Institutional Investors Weigh In On iShares iBonds Oct 2031 Term TIPS ETF

Several hedge funds have recently bought and sold shares of IBIH. Steward Partners Investment Advisory LLC grew its position in shares of iShares iBonds Oct 2031 Term TIPS ETF by 34.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,871 shares of the company’s stock valued at $75,000 after purchasing an additional 741 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in iShares iBonds Oct 2031 Term TIPS ETF by 25.3% during the 4th quarter. Osaic Holdings Inc. now owns 8,406 shares of the company’s stock worth $219,000 after purchasing an additional 1,698 shares during the last quarter. Jane Street Group LLC lifted its holdings in iShares iBonds Oct 2031 Term TIPS ETF by 8.4% during the 4th quarter. Jane Street Group LLC now owns 42,259 shares of the company’s stock worth $1,099,000 after purchasing an additional 3,278 shares during the last quarter. Yoder Wealth Management Inc. boosted its stake in iShares iBonds Oct 2031 Term TIPS ETF by 3.2% in the 4th quarter. Yoder Wealth Management Inc. now owns 129,810 shares of the company’s stock valued at $3,377,000 after purchasing an additional 3,985 shares during the period. Finally, LPL Financial LLC boosted its stake in iShares iBonds Oct 2031 Term TIPS ETF by 52.1% in the 4th quarter. LPL Financial LLC now owns 16,025 shares of the company’s stock valued at $417,000 after purchasing an additional 5,491 shares during the period.

About iShares iBonds Oct 2031 Term TIPS ETF

The iShares iBonds Oct 2031 Term TIPS ETF (IBIH) 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 2031. The fund will terminate in October 2031 IBIH was launched on Sep 19, 2023 and is issued by BlackRock.