Short Interest in iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Increases By 5,181.8%

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 2,324 shares, a growth of 5,181.8% from the March 15th total of 44 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,667 shares, the days-to-cover ratio is currently 0.3 days.

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

Large investors have recently modified their holdings of the business. HighTower Advisors LLC increased its holdings in shares of iShares iBonds Oct 2034 Term TIPS ETF by 7.7% during the third quarter. HighTower Advisors LLC now owns 879,641 shares of the company’s stock valued at $23,051,000 after acquiring an additional 63,184 shares in the last quarter. D.A. Davidson & CO. boosted its stake in iShares iBonds Oct 2034 Term TIPS ETF by 33.5% in the 3rd quarter. D.A. Davidson & CO. now owns 140,627 shares of the company’s stock worth $3,685,000 after purchasing an additional 35,298 shares in the last quarter. Park Avenue Securities LLC grew its position in iShares iBonds Oct 2034 Term TIPS ETF by 46.3% during the 3rd quarter. Park Avenue Securities LLC now owns 78,865 shares of the company’s stock worth $2,067,000 after purchasing an additional 24,955 shares during the last quarter. Jane Street Group LLC acquired a new position in iShares iBonds Oct 2034 Term TIPS ETF during the 4th quarter valued at approximately $368,000. Finally, Wealth Alliance Advisory Group LLC acquired a new position in iShares iBonds Oct 2034 Term TIPS ETF during the 4th quarter valued at approximately $360,000.

iShares iBonds Oct 2034 Term TIPS ETF Stock Up 0.1%

IBIK stock traded up $0.03 on Friday, hitting $25.83. 17,423 shares of the company’s stock were exchanged, compared to its average volume of 20,817. The firm has a 50 day moving average price of $25.89 and a two-hundred day moving average price of $25.92. iShares iBonds Oct 2034 Term TIPS ETF has a 12-month low of $24.43 and a 12-month high of $26.53.

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.