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

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 44,272 shares, a growth of 125.5% from the January 29th total of 19,637 shares. Based on an average daily trading volume, of 18,476 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.3% of the shares of the stock are short sold. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,476 shares, the days-to-cover ratio is presently 2.4 days.

iShares iBonds Oct 2034 Term TIPS ETF Trading Up 0.4%

Shares of NYSEARCA IBIK opened at $26.15 on Friday. The firm has a 50-day simple moving average of $25.78 and a 200-day simple moving average of $25.97. iShares iBonds Oct 2034 Term TIPS ETF has a 52 week low of $24.43 and a 52 week high of $27.42.

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

Large investors have recently made changes to their positions in the stock. CENTRAL TRUST Co purchased a new position in iShares iBonds Oct 2034 Term TIPS ETF during the fourth quarter worth approximately $25,000. Mendota Financial Group LLC acquired a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF during the 3rd quarter valued at about $84,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the third quarter valued at about $280,000. ARK & TLK Investments LLC acquired a new stake in iShares iBonds Oct 2034 Term TIPS ETF during the fourth quarter worth about $295,000. Finally, Wealth Alliance Advisory Group LLC acquired a new stake in iShares iBonds Oct 2034 Term TIPS ETF during the fourth quarter worth about $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.