iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 23,293 shares, a growth of 97.6% from the June 15th total of 11,789 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 22,881 shares, the days-to-cover ratio is presently 1.0 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Quantum Financial Advisors LLC boosted its stake in shares of iShares iBonds Oct 2034 Term TIPS ETF by 7.3% during the second quarter. Quantum Financial Advisors LLC now owns 12,431 shares of the company’s stock worth $322,000 after buying an additional 851 shares during the period. D.A. Davidson & CO. lifted its position in iShares iBonds Oct 2034 Term TIPS ETF by 3.9% during the 1st quarter. D.A. Davidson & CO. now owns 163,436 shares of the company’s stock worth $4,208,000 after acquiring an additional 6,195 shares during the period. 4Thought Financial Group Inc. purchased a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF in the 1st quarter valued at approximately $350,000. Jane Street Group LLC purchased a new position in iShares iBonds Oct 2034 Term TIPS ETF in the 4th quarter valued at $368,000. Finally, ARK & TLK Investments LLC purchased a new position in iShares iBonds Oct 2034 Term TIPS ETF during the 4th quarter worth $295,000.
iShares iBonds Oct 2034 Term TIPS ETF Trading Up 0.2%
Shares of NYSEARCA IBIK opened at $25.15 on Thursday. iShares iBonds Oct 2034 Term TIPS ETF has a twelve month low of $25.04 and a twelve month high of $26.53. The stock has a 50 day moving average of $25.71 and a two-hundred day moving average of $25.80.
About iShares iBonds Oct 2034 Term TIPS ETF
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.
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