iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Short Interest Down 52.3% in June

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 11,789 shares, a drop of 52.3% from the May 31st total of 24,729 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 9,493 shares, the days-to-cover ratio is presently 1.2 days.

iShares iBonds Oct 2034 Term TIPS ETF Stock Performance

Shares of IBIK traded down $0.73 during midday trading on Wednesday, reaching $25.16. The stock had a trading volume of 4,053 shares, compared to its average volume of 16,851. The firm has a 50 day simple moving average of $25.88 and a 200-day simple moving average of $25.85. iShares iBonds Oct 2034 Term TIPS ETF has a one year low of $25.15 and a one year high of $26.53.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of IBIK. CENTRAL TRUST Co acquired a new position in iShares iBonds Oct 2034 Term TIPS ETF during the fourth quarter worth approximately $25,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the third quarter valued at approximately $280,000. ARK & TLK Investments LLC acquired a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter valued at approximately $295,000. 4Thought Financial Group Inc. acquired a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the first quarter valued at approximately $350,000. Finally, Wealth Alliance Advisory Group LLC bought a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF during the 4th quarter worth approximately $360,000.

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.