iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) Short Interest Up 151.4% in June

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 52,345 shares, a growth of 151.4% from the May 31st total of 20,823 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average daily trading volume, of 18,909 shares, the days-to-cover ratio is presently 2.8 days.

iShares iBonds Oct 2032 Term TIPS ETF Price Performance

NYSEARCA:IBII opened at $26.02 on Monday. iShares iBonds Oct 2032 Term TIPS ETF has a 1 year low of $25.58 and a 1 year high of $26.56. The stock has a 50-day moving average price of $26.05 and a two-hundred day moving average price of $25.98.

Hedge Funds Weigh In On iShares iBonds Oct 2032 Term TIPS ETF

Several institutional investors have recently modified their holdings of IBII. Osaic Holdings Inc. increased its stake in iShares iBonds Oct 2032 Term TIPS ETF by 74.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,088 shares of the company’s stock worth $28,000 after purchasing an additional 463 shares in the last quarter. Yoder Wealth Management Inc. lifted its stake in iShares iBonds Oct 2032 Term TIPS ETF by 69.8% in the first quarter. Yoder Wealth Management Inc. now owns 14,600 shares of the company’s stock valued at $378,000 after buying an additional 6,000 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF in the fourth quarter valued at approximately $251,000. Bradley & Co. Private Wealth Management LLC boosted its holdings in shares of iShares iBonds Oct 2032 Term TIPS ETF by 357.6% in the third quarter. Bradley & Co. Private Wealth Management LLC now owns 13,613 shares of the company’s stock valued at $358,000 after buying an additional 10,638 shares during the period. Finally, Quantum Financial Advisors LLC boosted its holdings in shares of iShares iBonds Oct 2032 Term TIPS ETF by 8.7% in the fourth quarter. Quantum Financial Advisors LLC now owns 143,997 shares of the company’s stock valued at $3,704,000 after buying an additional 11,544 shares during the period. Institutional investors own 0.16% of the company’s stock.

About iShares iBonds Oct 2032 Term TIPS ETF

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.