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

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 11,789 shares, a decrease of 52.3% from the May 31st total of 24,729 shares. Based on an average daily volume of 9,493 shares, the short-interest ratio is currently 1.2 days. Approximately 0.4% of the company’s shares are short sold.

iShares iBonds Oct 2034 Term TIPS ETF Price Performance

Shares of IBIK stock traded down $0.05 on Tuesday, hitting $25.93. 10,876 shares of the company’s stock traded hands, compared to its average volume of 16,940. The company’s fifty day simple moving average is $25.90 and its 200 day simple moving average is $25.85. iShares iBonds Oct 2034 Term TIPS ETF has a one year low of $25.35 and a one year high of $26.53.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IBIK. CENTRAL TRUST Co purchased a new stake in iShares iBonds Oct 2034 Term TIPS ETF during the 4th quarter valued at about $25,000. Bradley & Co. Private Wealth Management LLC bought a new stake in iShares iBonds Oct 2034 Term TIPS ETF in the third quarter valued at approximately $280,000. ARK & TLK Investments LLC bought a new stake in iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter valued at approximately $295,000. 4Thought Financial Group Inc. purchased a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF during the first quarter valued at approximately $350,000. Finally, Wealth Alliance Advisory Group LLC purchased a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF during the fourth quarter valued at 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.