Short Interest in iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Drops By 84.8%

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 6,171 shares, a decline of 84.8% from the December 31st total of 40,549 shares. Based on an average trading volume of 46,315 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 46,315 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On iShares iBonds Oct 2028 Term TIPS ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its stake in iShares iBonds Oct 2028 Term TIPS ETF by 177.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,737 shares of the company’s stock worth $46,000 after acquiring an additional 1,112 shares in the last quarter. Mendota Financial Group LLC purchased a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF in the third quarter valued at approximately $64,000. Raymond James Financial Inc. purchased a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF in the second quarter valued at approximately $81,000. Farther Finance Advisors LLC bought a new position in iShares iBonds Oct 2028 Term TIPS ETF in the fourth quarter worth approximately $104,000. Finally, Flow Traders U.S. LLC purchased a new position in iShares iBonds Oct 2028 Term TIPS ETF during the 3rd quarter worth $216,000.

iShares iBonds Oct 2028 Term TIPS ETF Stock Performance

IBIE stock traded up $0.02 during midday trading on Wednesday, reaching $26.07. The company’s stock had a trading volume of 13,397 shares, compared to its average volume of 35,889. The stock has a fifty day simple moving average of $26.10 and a two-hundred day simple moving average of $26.23. iShares iBonds Oct 2028 Term TIPS ETF has a 1 year low of $25.58 and a 1 year high of $26.56.

About iShares iBonds Oct 2028 Term TIPS ETF

The iShares iBonds Oct 2028 Term TIPS ETF (IBIE) 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 2028. The fund will terminate in October 2028. IBIE was launched on Sep 13, 2023 and is issued by BlackRock.