iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) Sees Significant Increase in Short Interest

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 69,265 shares, an increase of 95.3% from the October 15th total of 35,468 shares. Based on an average daily trading volume, of 89,499 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.6% of the company’s shares are short sold.

iShares iBonds Oct 2032 Term TIPS ETF Price Performance

Shares of IBII stock traded down $0.04 during trading hours on Friday, reaching $24.59. The company’s stock had a trading volume of 39,731 shares, compared to its average volume of 26,233. iShares iBonds Oct 2032 Term TIPS ETF has a one year low of $24.37 and a one year high of $26.28. The firm’s fifty day simple moving average is $24.77 and its 200 day simple moving average is $25.54.

Institutional Trading of iShares iBonds Oct 2032 Term TIPS ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Burkett Financial Services LLC purchased a new position in iShares iBonds Oct 2032 Term TIPS ETF during the 3rd quarter valued at $117,000. Asset Dedication LLC bought a new position in iShares iBonds Oct 2032 Term TIPS ETF in the 3rd quarter worth $124,000. Allworth Financial LP bought a new position in iShares iBonds Oct 2032 Term TIPS ETF in the 2nd quarter worth $224,000. Magnus Financial Group LLC purchased a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF in the 3rd quarter worth about $330,000. Finally, Whitener Capital Management Inc. purchased a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF in the 3rd quarter worth about $608,000. Hedge funds and other institutional investors own 0.16% of the company’s stock.

iShares iBonds Oct 2032 Term TIPS ETF Company Profile

The iShares iBonds Oct 2032 Term TIPS ETF (IBII) 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 2032. The fund will terminate in October 2032 IBII was launched on Sep 19, 2023 and is issued by BlackRock.