iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Sees Significant Decline in Short Interest

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 59,821 shares, a drop of 38.4% from the September 30th total of 97,144 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 27,736 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of iShares iBonds Oct 2034 Term TIPS ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. acquired a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the 3rd quarter valued at about $4,407,000. Park Avenue Securities LLC purchased a new position in iShares iBonds Oct 2034 Term TIPS ETF during the 3rd quarter worth approximately $9,103,000. Schmidt P J Investment Management Inc. purchased a new position in iShares iBonds Oct 2034 Term TIPS ETF during the 3rd quarter worth approximately $239,000. Bradley & Co. Private Wealth Management LLC increased its position in iShares iBonds Oct 2034 Term TIPS ETF by 19.4% during the third quarter. Bradley & Co. Private Wealth Management LLC now owns 30,490 shares of the company’s stock worth $736,000 after buying an additional 4,964 shares during the period. Finally, Quantum Financial Advisors LLC increased its position in iShares iBonds Oct 2034 Term TIPS ETF by 7.3% during the second quarter. Quantum Financial Advisors LLC now owns 12,431 shares of the company’s stock worth $322,000 after buying an additional 851 shares during the period.

iShares iBonds Oct 2034 Term TIPS ETF Price Performance

NYSEARCA:IBIK traded down $0.05 during midday trading on Monday, hitting $24.66. 33,949 shares of the company were exchanged, compared to its average volume of 20,190. The company has a fifty day simple moving average of $24.52 and a 200 day simple moving average of $25.39. iShares iBonds Oct 2034 Term TIPS ETF has a fifty-two week low of $23.91 and a fifty-two week high of $26.24.

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.