iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Sees Significant Decrease in Short Interest

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 56,015 shares, a drop of 51.5% from the September 30th total of 115,383 shares. Based on an average daily volume of 176,916 shares, the short-interest ratio is currently 0.3 days. Approximately 0.9% of the company’s stock are short sold.

iShares iBonds Oct 2030 Term TIPS ETF Trading Up 0.3%

NYSEARCA:IBIG traded up $0.07 during mid-day trading on Friday, reaching $25.50. The stock had a trading volume of 54,380 shares, compared to its average volume of 40,325. The business’s 50 day moving average is $25.35 and its 200 day moving average is $25.94. iShares iBonds Oct 2030 Term TIPS ETF has a fifty-two week low of $25.00 and a fifty-two week high of $26.57.

Institutional Investors Weigh In On iShares iBonds Oct 2030 Term TIPS ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. D.A. Davidson & CO. bought a new position in iShares iBonds Oct 2030 Term TIPS ETF during the third quarter valued at about $4,296,000. Bradley & Co. Private Wealth Management LLC lifted its position in shares of iShares iBonds Oct 2030 Term TIPS ETF by 98.6% in the third quarter. Bradley & Co. Private Wealth Management LLC now owns 56,252 shares of the company’s stock worth $1,416,000 after buying an additional 27,923 shares during the last quarter. Allworth Financial LP bought a new stake in shares of iShares iBonds Oct 2030 Term TIPS ETF during the 2nd quarter worth about $223,000. Burkett Financial Services LLC bought a new stake in shares of iShares iBonds Oct 2030 Term TIPS ETF during the 3rd quarter worth about $118,000. Finally, Jim Saulnier & Associates LLC boosted its stake in shares of iShares iBonds Oct 2030 Term TIPS ETF by 15.0% during the 2nd quarter. Jim Saulnier & Associates LLC now owns 28,974 shares of the company’s stock worth $761,000 after acquiring an additional 3,785 shares in the last quarter.

iShares iBonds Oct 2030 Term TIPS ETF Company Profile

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.