iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Sees Large Growth in Short Interest

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 77,049 shares, a growth of 230.8% from the June 30th total of 23,293 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 13,097 shares, the short-interest ratio is presently 5.9 days.

iShares iBonds Oct 2034 Term TIPS ETF Stock Performance

iShares iBonds Oct 2034 Term TIPS ETF stock traded down $0.04 during mid-day trading on Monday, reaching $24.94. The company’s stock had a trading volume of 7,871 shares, compared to its average volume of 16,244. iShares iBonds Oct 2034 Term TIPS ETF has a twelve month low of $24.94 and a twelve month high of $26.53. The business has a 50 day moving average price of $25.56 and a 200-day moving average price of $25.76.

Institutional Trading of iShares iBonds Oct 2034 Term TIPS ETF

Several hedge funds have recently made changes to their positions in IBIK. Wealth Alliance Advisory Group LLC bought a new position in iShares iBonds Oct 2034 Term TIPS ETF during the 4th quarter worth $360,000. D.A. Davidson & CO. lifted its stake in iShares iBonds Oct 2034 Term TIPS ETF by 11.8% in the fourth quarter. D.A. Davidson & CO. now owns 157,241 shares of the company’s stock valued at $4,032,000 after buying an additional 16,614 shares during the last quarter. CENTRAL TRUST Co acquired a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF during the fourth quarter valued at $25,000. HighTower Advisors LLC boosted its stake in iShares iBonds Oct 2034 Term TIPS ETF by 1.3% during the 4th quarter. HighTower Advisors LLC now owns 891,168 shares of the company’s stock valued at $22,850,000 after purchasing an additional 11,527 shares during the period. Finally, ARK & TLK Investments LLC acquired a new position in iShares iBonds Oct 2034 Term TIPS ETF during the 4th quarter valued at about $295,000.

iShares iBonds Oct 2034 Term TIPS ETF Company Profile

The iShares iBonds Oct 2034 Term TIPS ETF (IBIK) 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 2034. The fund will terminate in October 2034 IBIK was launched on May 22, 2024 and is issued by BlackRock.