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

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 35,468 shares, a decline of 47.1% from the September 30th total of 67,050 shares. Based on an average trading volume of 58,645 shares, the short-interest ratio is currently 0.6 days. Approximately 1.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. MBL Wealth LLC purchased a new position in shares of iShares iBonds Oct 2032 Term TIPS ETF during the 3rd quarter worth approximately $8,528,000. Quantum Financial Advisors LLC grew its stake in iShares iBonds Oct 2032 Term TIPS ETF by 604.4% in the second quarter. Quantum Financial Advisors LLC now owns 214,029 shares of the company’s stock worth $5,565,000 after purchasing an additional 183,646 shares during the period. Whitener Capital Management Inc. purchased a new position in iShares iBonds Oct 2032 Term TIPS ETF during the third quarter valued at $608,000. Magnus Financial Group LLC purchased a new position in iShares iBonds Oct 2032 Term TIPS ETF during the third quarter valued at $330,000. Finally, Allworth Financial LP bought a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF during the 2nd quarter valued at $224,000. 0.16% of the stock is currently owned by institutional investors.

iShares iBonds Oct 2032 Term TIPS ETF Trading Down 0.4%

IBII stock traded down $0.09 during trading on Monday, hitting $25.00. 122,646 shares of the company traded hands, compared to its average volume of 23,735. The company has a 50-day moving average of $24.86 and a 200-day moving average of $25.59. iShares iBonds Oct 2032 Term TIPS ETF has a 1 year low of $24.37 and a 1 year high of $26.28.

About iShares iBonds Oct 2032 Term TIPS ETF

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.