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

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 23,293 shares, an increase of 97.6% from the June 15th total of 11,789 shares. Based on an average daily trading volume, of 22,881 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.7% of the company’s stock are sold short.

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

A number of large investors have recently modified their holdings of IBIK. D.A. Davidson & CO. increased its holdings 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. Jane Street Group LLC purchased a new stake in iShares iBonds Oct 2034 Term TIPS ETF during the 4th quarter worth about $368,000. Wealth Alliance Advisory Group LLC purchased a new stake in iShares iBonds Oct 2034 Term TIPS ETF during the 4th quarter worth about $360,000. 4Thought Financial Group Inc. acquired a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF during the 1st quarter worth about $350,000. Finally, HighTower Advisors LLC boosted its position in shares of 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 worth $22,850,000 after acquiring an additional 11,527 shares in the last quarter.

iShares iBonds Oct 2034 Term TIPS ETF Stock Up 0.2%

Shares of NYSEARCA:IBIK opened at $25.15 on Thursday. The firm’s 50 day moving average price is $25.71 and its 200 day moving average price is $25.80. iShares iBonds Oct 2034 Term TIPS ETF has a fifty-two week low of $25.04 and a fifty-two week high of $26.53.

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.