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

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 35,468 shares, a decrease of 47.1% from the September 30th total of 67,050 shares. Based on an average daily trading volume, of 58,645 shares, the short-interest ratio is currently 0.6 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Trading of iShares iBonds Oct 2032 Term TIPS ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBII. MBL Wealth LLC acquired a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF during the 3rd quarter worth about $8,528,000. Quantum Financial Advisors LLC lifted its position in shares of iShares iBonds Oct 2032 Term TIPS ETF by 604.4% in the second quarter. Quantum Financial Advisors LLC now owns 214,029 shares of the company’s stock valued at $5,565,000 after buying an additional 183,646 shares during the last quarter. Whitener Capital Management Inc. bought a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF during the 3rd quarter worth approximately $608,000. Magnus Financial Group LLC bought a new position in iShares iBonds Oct 2032 Term TIPS ETF during the third quarter worth $330,000. Finally, Allworth Financial LP bought a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF in the second quarter valued at about $224,000. 0.16% of the stock is owned by institutional investors.

iShares iBonds Oct 2032 Term TIPS ETF Price Performance

Shares of NYSEARCA IBII traded up $0.13 during mid-day trading on Friday, hitting $25.09. The company had a trading volume of 165,545 shares, compared to its average volume of 23,262. The firm has a 50-day simple moving average of $24.86 and a two-hundred day simple moving average of $25.59. iShares iBonds Oct 2032 Term TIPS ETF has a one year low of $24.37 and a one year high of $26.28.

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.