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

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 59,821 shares, a decline of 38.4% from the September 30th total of 97,144 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 27,736 shares, the short-interest ratio is currently 2.2 days.

iShares iBonds Oct 2034 Term TIPS ETF Trading Down 0.4%

Shares of NYSEARCA:IBIK traded down $0.10 on Tuesday, hitting $24.57. 9,457 shares of the company’s stock were exchanged, compared to its average volume of 20,139. The firm’s 50-day moving average is $24.52 and its 200 day moving average is $25.39. iShares iBonds Oct 2034 Term TIPS ETF has a 1-year low of $23.91 and a 1-year high of $26.24.

Hedge Funds Weigh In On iShares iBonds Oct 2034 Term TIPS ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Asset Dedication LLC purchased a new position in iShares iBonds Oct 2034 Term TIPS ETF in the third quarter valued at approximately $662,000. Schmidt P J Investment Management Inc. purchased a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF during the 3rd quarter worth approximately $239,000. D.A. Davidson & CO. purchased a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF during the 3rd quarter worth approximately $4,407,000. Park Avenue Securities LLC purchased a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF during the 3rd quarter worth approximately $9,103,000. Finally, Bradley & Co. Private Wealth Management LLC boosted its holdings in shares of iShares iBonds Oct 2034 Term TIPS ETF by 19.4% in the 3rd quarter. Bradley & Co. Private Wealth Management LLC now owns 30,490 shares of the company’s stock valued at $736,000 after buying an additional 4,964 shares in the last quarter.

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.