Short Interest in iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Grows By 91.4%

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 40,549 shares, an increase of 91.4% from the December 15th total of 21,187 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 20,233 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily trading volume, of 20,233 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.0% of the company’s stock are sold short.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. TRUE Private Wealth Advisors acquired a new position in shares of iShares iBonds Oct 2028 Term TIPS ETF during the second quarter valued at $42,683,000. Quantum Financial Advisors LLC boosted its stake in iShares iBonds Oct 2028 Term TIPS ETF by 4.4% during the 4th quarter. Quantum Financial Advisors LLC now owns 266,498 shares of the company’s stock valued at $6,923,000 after purchasing an additional 11,276 shares during the period. Addison Advisors LLC raised its holdings in shares of iShares iBonds Oct 2028 Term TIPS ETF by 7.6% during the third quarter. Addison Advisors LLC now owns 98,352 shares of the company’s stock valued at $2,602,000 after buying an additional 6,925 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF during the third quarter valued at approximately $989,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of iShares iBonds Oct 2028 Term TIPS ETF during the first quarter worth approximately $908,000.

iShares iBonds Oct 2028 Term TIPS ETF Stock Performance

Shares of IBIE remained flat at $25.99 during mid-day trading on Friday. The stock had a trading volume of 26,656 shares, compared to its average volume of 44,496. The company’s fifty day moving average price is $26.13 and its two-hundred day moving average price is $26.23. iShares iBonds Oct 2028 Term TIPS ETF has a one year low of $25.49 and a one year 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.