iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Stock Short Interest Declines 48.1%

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 26,320 shares, a decrease of 48.1% from the September 30th total of 50,698 shares. Based on an average daily volume of 102,855 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Barrett & Company Inc. acquired a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF in the 3rd quarter valued at $26,000. Integrated Wealth Concepts LLC bought a new position in iShares iBonds Oct 2028 Term TIPS ETF in the second quarter valued at about $35,000. McIlrath & Eck LLC acquired a new stake in iShares iBonds Oct 2028 Term TIPS ETF in the first quarter worth about $42,000. Burkett Financial Services LLC acquired a new stake in iShares iBonds Oct 2028 Term TIPS ETF in the third quarter worth about $120,000. Finally, Allworth Financial LP raised its holdings in iShares iBonds Oct 2028 Term TIPS ETF by 356.0% during the 2nd quarter. Allworth Financial LP now owns 9,904 shares of the company’s stock worth $260,000 after purchasing an additional 7,732 shares during the last quarter.

iShares iBonds Oct 2028 Term TIPS ETF Stock Up 0.1%

Shares of IBIE traded up $0.03 during mid-day trading on Friday, hitting $25.83. The company’s stock had a trading volume of 51,179 shares, compared to its average volume of 58,408. The stock’s 50-day moving average is $25.71 and its two-hundred day moving average is $26.01. iShares iBonds Oct 2028 Term TIPS ETF has a one year low of $25.54 and a one year high of $26.49.

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.