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

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 92,927 shares, an increase of 64.7% from the July 30th total of 56,428 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 28,629 shares, the days-to-cover ratio is currently 3.2 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBIE. CENTRAL TRUST Co raised its position in shares of iShares iBonds Oct 2028 Term TIPS ETF by 42.5% in the first quarter. CENTRAL TRUST Co now owns 84,085 shares of the company’s stock valued at $2,206,000 after purchasing an additional 25,069 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of iShares iBonds Oct 2028 Term TIPS ETF by 55.5% during the 1st quarter. North Star Investment Management Corp. now owns 196,038 shares of the company’s stock worth $5,144,000 after buying an additional 69,988 shares during the period. Quantum Financial Advisors LLC boosted its holdings in shares of iShares iBonds Oct 2028 Term TIPS ETF by 10.6% during the 2nd quarter. Quantum Financial Advisors LLC now owns 368,799 shares of the company’s stock worth $9,699,000 after buying an additional 35,421 shares during the period. McIlrath & Eck LLC acquired a new position in iShares iBonds Oct 2028 Term TIPS ETF in the 1st quarter valued at $42,000. Finally, 4Thought Financial Group Inc. acquired a new position in iShares iBonds Oct 2028 Term TIPS ETF in the 1st quarter valued at $352,000.

iShares iBonds Oct 2028 Term TIPS ETF Stock Performance

Shares of NYSEARCA IBIE traded up $0.01 during mid-day trading on Monday, reaching $25.75. 509,487 shares of the company traded hands, compared to its average volume of 45,832. The company’s fifty day moving average is $25.81 and its two-hundred day moving average is $26.11. iShares iBonds Oct 2028 Term TIPS ETF has a fifty-two week low of $25.63 and a fifty-two week high of $26.56.

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.