iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) Sees Large Increase in Short Interest

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 20,823 shares, an increase of 523.4% from the May 14th total of 3,340 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 12,761 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Trading of iShares iBonds Oct 2032 Term TIPS ETF

Hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its position in shares of iShares iBonds Oct 2032 Term TIPS ETF by 74.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,088 shares of the company’s stock valued at $28,000 after purchasing an additional 463 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF in the 3rd quarter valued at approximately $50,000. Jane Street Group LLC purchased a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF in the 4th quarter valued at approximately $251,000. 4Thought Financial Group Inc. purchased a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF in the 1st quarter valued at approximately $351,000. Finally, Bradley & Co. Private Wealth Management LLC raised its position in shares of iShares iBonds Oct 2032 Term TIPS ETF by 357.6% in the 3rd quarter. Bradley & Co. Private Wealth Management LLC now owns 13,613 shares of the company’s stock valued at $358,000 after purchasing an additional 10,638 shares during the last quarter. 0.16% of the stock is owned by hedge funds and other institutional investors.

iShares iBonds Oct 2032 Term TIPS ETF Stock Performance

Shares of IBII stock traded down $0.01 during mid-day trading on Wednesday, hitting $25.93. 25,506 shares of the stock traded hands, compared to its average volume of 10,304. The stock’s fifty day moving average is $26.05 and its two-hundred day moving average is $26.00. iShares iBonds Oct 2032 Term TIPS ETF has a 52-week low of $25.58 and a 52-week high of $26.56.

iShares iBonds Oct 2032 Term TIPS ETF Company Profile

The iShares iBonds Oct 2032 Term TIPS ETF (IBII) 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 2032. The fund will terminate in October 2032 IBII was launched on Sep 19, 2023 and is issued by BlackRock.