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

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 69,265 shares, a growth of 95.3% from the October 15th total of 35,468 shares. Based on an average daily trading volume, of 89,499 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.6% of the company’s shares are sold short.

iShares iBonds Oct 2032 Term TIPS ETF Stock Down 0.2%

Shares of IBII traded down $0.04 during trading hours on Friday, hitting $24.59. The company had a trading volume of 39,731 shares, compared to its average volume of 26,233. iShares iBonds Oct 2032 Term TIPS ETF has a 52-week low of $24.37 and a 52-week high of $26.28. The stock’s 50 day moving average price is $24.77 and its 200 day moving average price is $25.54.

Hedge Funds Weigh In On iShares iBonds Oct 2032 Term TIPS ETF

A number of large investors have recently bought and sold shares of the stock. MBL Wealth LLC purchased a new stake in iShares iBonds Oct 2032 Term TIPS ETF during the 3rd quarter valued at $8,528,000. Quantum Financial Advisors LLC grew its holdings in iShares iBonds Oct 2032 Term TIPS ETF by 604.4% in the 2nd quarter. Quantum Financial Advisors LLC now owns 214,029 shares of the company’s stock worth $5,565,000 after acquiring an additional 183,646 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF in the third quarter valued at about $2,583,000. Whitener Capital Management Inc. bought a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF during the third quarter valued at about $608,000. Finally, IFG Advisory LLC raised its stake in shares of iShares iBonds Oct 2032 Term TIPS ETF by 102.5% during the third quarter. IFG Advisory LLC now owns 43,497 shares of the company’s stock valued at $1,068,000 after acquiring an additional 22,018 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 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.