iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Sees Large Decline in Short Interest

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) was the recipient of 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. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 102,855 shares, the days-to-cover ratio is currently 0.3 days.

iShares iBonds Oct 2028 Term TIPS ETF Price Performance

NYSEARCA IBIE traded down $0.06 during trading on Monday, hitting $25.77. The company’s stock had a trading volume of 58,334 shares, compared to its average volume of 58,407. iShares iBonds Oct 2028 Term TIPS ETF has a fifty-two week low of $25.54 and a fifty-two week high of $26.49. The business’s 50 day simple moving average is $25.71 and its 200-day simple moving average is $26.01.

Institutional Trading of iShares iBonds Oct 2028 Term TIPS ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new stake in iShares iBonds Oct 2028 Term TIPS ETF during the 3rd quarter worth about $658,000. North Star Investment Management Corp. purchased a new position in iShares iBonds Oct 2028 Term TIPS ETF during the third quarter valued at approximately $5,908,000. Penobscot Investment Management Company Inc. acquired a new position in iShares iBonds Oct 2028 Term TIPS ETF in the third quarter valued at approximately $872,000. Bradley & Co. Private Wealth Management LLC lifted its holdings in iShares iBonds Oct 2028 Term TIPS ETF by 88.9% in the third quarter. Bradley & Co. Private Wealth Management LLC now owns 45,327 shares of the company’s stock valued at $1,163,000 after acquiring an additional 21,338 shares during the period. Finally, Barrett & Company Inc. acquired a new position in iShares iBonds Oct 2028 Term TIPS ETF in the third quarter valued at approximately $26,000.

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.