iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Short Interest Down 92.7% in May

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 2,055 shares, a drop of 92.7% from the April 30th total of 27,978 shares. Based on an average daily volume of 9,326 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

iShares iBonds Oct 2034 Term TIPS ETF Price Performance

Shares of IBIK traded up $0.02 during midday trading on Wednesday, reaching $25.92. The stock had a trading volume of 5,183 shares, compared to its average volume of 17,291. iShares iBonds Oct 2034 Term TIPS ETF has a 1-year low of $25.20 and a 1-year high of $26.53. The company’s fifty day simple moving average is $25.87 and its two-hundred day simple moving average is $25.88.

Institutional Investors Weigh In On iShares iBonds Oct 2034 Term TIPS ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in shares of iShares iBonds Oct 2034 Term TIPS ETF by 1.3% in 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 in the last quarter. D.A. Davidson & CO. grew its position in shares of iShares iBonds Oct 2034 Term TIPS ETF by 3.9% in the 1st quarter. D.A. Davidson & CO. now owns 163,436 shares of the company’s stock valued at $4,208,000 after buying an additional 6,195 shares during the last quarter. Quantum Financial Advisors LLC grew its position in shares of iShares iBonds Oct 2034 Term TIPS ETF by 0.4% in the 4th quarter. Quantum Financial Advisors LLC now owns 109,634 shares of the company’s stock valued at $2,811,000 after buying an additional 483 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of iShares iBonds Oct 2034 Term TIPS ETF by 7.7% in the 4th quarter. Park Avenue Securities LLC now owns 84,964 shares of the company’s stock valued at $2,178,000 after buying an additional 6,099 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF in the 4th quarter valued at $368,000.

About iShares iBonds Oct 2034 Term TIPS ETF

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.