iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Short Interest Up 82.4% in August

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 104,458 shares, a growth of 82.4% from the July 30th total of 57,261 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,951 shares, the days-to-cover ratio is presently 3.9 days.

iShares iBonds Oct 2030 Term TIPS ETF Stock Down 0.0%

Shares of NYSEARCA:IBIG opened at $25.58 on Tuesday. The company has a 50 day moving average of $25.72 and a 200 day moving average of $26.11. iShares iBonds Oct 2030 Term TIPS ETF has a 12 month low of $25.50 and a 12 month high of $26.87.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. CENTRAL TRUST Co grew its position in iShares iBonds Oct 2030 Term TIPS ETF by 52.7% during the first quarter. CENTRAL TRUST Co now owns 69,638 shares of the company’s stock worth $1,829,000 after buying an additional 24,044 shares in the last quarter. Jim Saulnier & Associates LLC raised its stake in iShares iBonds Oct 2030 Term TIPS ETF by 8.3% in the first quarter. Jim Saulnier & Associates LLC now owns 25,189 shares of the company’s stock valued at $661,000 after purchasing an additional 1,920 shares in the last quarter. 4Thought Financial Group Inc. purchased a new stake in iShares iBonds Oct 2030 Term TIPS ETF in the first quarter valued at approximately $351,000. D.A. Davidson & CO. lifted its position in iShares iBonds Oct 2030 Term TIPS ETF by 4.0% during the first quarter. D.A. Davidson & CO. now owns 151,874 shares of the company’s stock valued at $3,988,000 after purchasing an additional 5,842 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new stake in iShares iBonds Oct 2030 Term TIPS ETF during the first quarter valued at approximately $48,000.

About iShares iBonds Oct 2030 Term TIPS ETF

The iShares iBonds Oct 2030 Term TIPS ETF (IBIG) 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 2030. The fund will terminate in October 2030 IBIG was launched on Sep 19, 2023 and is issued by BlackRock.