iShares iBonds Oct 2027 Term TIPS ETF (NYSEARCA:IBID) Sees Significant Drop in Short Interest

iShares iBonds Oct 2027 Term TIPS ETF (NYSEARCA:IBID) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 44,022 shares, a decline of 40.1% from the July 30th total of 73,522 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 33,669 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of iShares iBonds Oct 2027 Term TIPS ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC bought a new stake in iShares iBonds Oct 2027 Term TIPS ETF during the fourth quarter valued at about $30,000. Osaic Holdings Inc. raised its holdings in iShares iBonds Oct 2027 Term TIPS ETF by 190.6% in the second quarter. Osaic Holdings Inc. now owns 1,816 shares of the company’s stock worth $48,000 after purchasing an additional 1,191 shares in the last quarter. McIlrath & Eck LLC bought a new position in iShares iBonds Oct 2027 Term TIPS ETF in the first quarter worth about $40,000. Jim Saulnier & Associates LLC lifted its position in shares of iShares iBonds Oct 2027 Term TIPS ETF by 20.5% during the second quarter. Jim Saulnier & Associates LLC now owns 15,126 shares of the company’s stock valued at $397,000 after buying an additional 2,570 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of iShares iBonds Oct 2027 Term TIPS ETF during the second quarter valued at about $97,000.

iShares iBonds Oct 2027 Term TIPS ETF Stock Down 0.0%

NYSEARCA:IBID traded down $0.01 during midday trading on Monday, hitting $25.79. The stock had a trading volume of 1,564 shares, compared to its average volume of 29,564. iShares iBonds Oct 2027 Term TIPS ETF has a one year low of $25.63 and a one year high of $26.39. The stock has a 50-day moving average of $25.80 and a 200 day moving average of $26.01.

About iShares iBonds Oct 2027 Term TIPS ETF

The iShares iBonds Oct 2027 Term TIPS ETF (IBID) 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 2027. The fund will terminate in October 2027. IBID was launched on Sep 13, 2023 and is issued by BlackRock.