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

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 19,532 shares, an increase of 22.4% from the November 30th total of 15,955 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 5,817 shares, the days-to-cover ratio is presently 3.4 days. Based on an average daily trading volume, of 5,817 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares iBonds Oct 2034 Term TIPS ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mendota Financial Group LLC acquired a new position in iShares iBonds Oct 2034 Term TIPS ETF during the third quarter valued at approximately $84,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF in the 3rd quarter valued at $280,000. Park Avenue Securities LLC bought a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF in the 2nd quarter valued at $1,392,000. D.A. Davidson & CO. acquired a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF during the 2nd quarter worth $2,719,000. Finally, Quantum Financial Advisors LLC lifted its position in shares of iShares iBonds Oct 2034 Term TIPS ETF by 0.9% during the 3rd quarter. Quantum Financial Advisors LLC now owns 109,151 shares of the company’s stock worth $2,860,000 after buying an additional 935 shares during the last quarter.

iShares iBonds Oct 2034 Term TIPS ETF Trading Down 0.2%

IBIK stock traded down $0.06 during mid-day trading on Wednesday, hitting $25.64. 733 shares of the company were exchanged, compared to its average volume of 16,720. iShares iBonds Oct 2034 Term TIPS ETF has a 1-year low of $24.43 and a 1-year high of $27.42. The business has a 50 day simple moving average of $25.96 and a 200-day simple moving average of $25.91.

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.