Short Interest in iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Expands By 1,103.4%

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 24,729 shares, an increase of 1,103.4% from the May 14th total of 2,055 shares. Based on an average daily volume of 9,720 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.8% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares iBonds Oct 2034 Term TIPS ETF

Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC raised its holdings in shares of iShares iBonds Oct 2034 Term TIPS ETF by 7.7% in the 3rd quarter. HighTower Advisors LLC now owns 879,641 shares of the company’s stock worth $23,051,000 after buying an additional 63,184 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of iShares iBonds Oct 2034 Term TIPS ETF by 3.9% in the 1st quarter. D.A. Davidson & CO. now owns 163,436 shares of the company’s stock worth $4,208,000 after buying an additional 6,195 shares in the last quarter. 4Thought Financial Group Inc. acquired a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF in the 1st quarter worth approximately $350,000. Jane Street Group LLC acquired a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF in the 4th quarter worth approximately $368,000. Finally, ARK & TLK Investments LLC acquired a new stake in iShares iBonds Oct 2034 Term TIPS ETF during the 4th quarter valued at $295,000.

iShares iBonds Oct 2034 Term TIPS ETF Price Performance

NYSEARCA:IBIK traded up $0.02 during mid-day trading on Thursday, hitting $25.77. 1,572 shares of the company’s stock traded hands, compared to its average volume of 16,633. The firm has a 50 day moving average of $25.89 and a two-hundred day moving average of $25.87. iShares iBonds Oct 2034 Term TIPS ETF has a 12 month low of $25.33 and a 12 month high of $26.53.

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.