iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 77,049 shares, a growth of 230.8% from the June 30th total of 23,293 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily volume of 13,097 shares, the days-to-cover ratio is presently 5.9 days.
iShares iBonds Oct 2034 Term TIPS ETF Price Performance
IBIK remained flat at $24.98 on Friday. 12,530 shares of the company were exchanged, compared to its average volume of 16,304. The firm has a 50 day moving average of $25.58 and a two-hundred day moving average of $25.77. iShares iBonds Oct 2034 Term TIPS ETF has a 12-month low of $24.94 and a 12-month high of $26.53.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quantum Financial Advisors LLC boosted its stake in iShares iBonds Oct 2034 Term TIPS ETF by 7.3% during the 2nd quarter. Quantum Financial Advisors LLC now owns 12,431 shares of the company’s stock valued at $322,000 after purchasing an additional 851 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of 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 valued at $4,208,000 after purchasing an additional 6,195 shares during the period. Jane Street Group LLC bought a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the 4th quarter worth $368,000. 4Thought Financial Group Inc. bought a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the 1st quarter worth $350,000. Finally, ARK & TLK Investments LLC acquired a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter valued at $295,000.
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.
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