iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Sees Significant Decline in Short Interest

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 47,032 shares, a decrease of 53.8% from the May 14th total of 101,839 shares. Based on an average daily volume of 34,568 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.8% of the company’s stock are sold short.

iShares iBonds Oct 2028 Term TIPS ETF Price Performance

NYSEARCA IBIE traded up $0.01 during trading hours on Monday, hitting $26.42. 23,604 shares of the company were exchanged, compared to its average volume of 32,727. The company has a 50 day moving average of $26.35 and a two-hundred day moving average of $26.20. iShares iBonds Oct 2028 Term TIPS ETF has a 52-week low of $25.92 and a 52-week high of $26.56.

Institutional Investors Weigh In On iShares iBonds Oct 2028 Term TIPS ETF

Several large investors have recently bought and sold shares of IBIE. Parallel Advisors LLC purchased a new stake in iShares iBonds Oct 2028 Term TIPS ETF during the 4th quarter worth about $30,000. McIlrath & Eck LLC purchased a new stake in iShares iBonds Oct 2028 Term TIPS ETF during the 1st quarter worth about $42,000. Osaic Holdings Inc. increased its holdings in shares of iShares iBonds Oct 2028 Term TIPS ETF by 177.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,737 shares of the company’s stock valued at $46,000 after acquiring an additional 1,112 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF during the 2nd quarter worth about $81,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF during the 4th quarter worth about $104,000.

iShares iBonds Oct 2028 Term TIPS ETF Company Profile

The iShares iBonds Oct 2028 Term TIPS ETF (IBIE) 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 2028. The fund will terminate in October 2028. IBIE was launched on Sep 13, 2023 and is issued by BlackRock.