iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Sees Large Growth in Short Interest

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 42,741 shares, a growth of 57.2% from the December 15th total of 27,195 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 19,670 shares, the days-to-cover ratio is presently 2.2 days. Based on an average daily volume of 19,670 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.2% of the shares of the company are short sold.

iShares iBonds Oct 2030 Term TIPS ETF Stock Down 0.2%

Shares of iShares iBonds Oct 2030 Term TIPS ETF stock traded down $0.04 during trading on Friday, hitting $26.04. 10,628 shares of the stock were exchanged, compared to its average volume of 27,348. iShares iBonds Oct 2030 Term TIPS ETF has a 12 month low of $25.32 and a 12 month high of $27.54. The stock’s fifty day moving average is $26.30 and its 200 day moving average is $26.42.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IBIG. CENTRAL TRUST Co lifted its holdings in shares of iShares iBonds Oct 2030 Term TIPS ETF by 398.8% in the second quarter. CENTRAL TRUST Co now owns 1,257 shares of the company’s stock valued at $33,000 after purchasing an additional 1,005 shares in the last quarter. Osaic Holdings Inc. grew its stake in iShares iBonds Oct 2030 Term TIPS ETF by 97.6% in the second quarter. Osaic Holdings Inc. now owns 1,235 shares of the company’s stock valued at $33,000 after purchasing an additional 610 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of iShares iBonds Oct 2030 Term TIPS ETF in the 3rd quarter valued at $239,000. Creative Planning acquired a new stake in shares of iShares iBonds Oct 2030 Term TIPS ETF in the second quarter worth about $279,000. Finally, MKT Advisors LLC acquired a new position in shares of iShares iBonds Oct 2030 Term TIPS ETF during the 2nd quarter valued at about $305,000.

iShares iBonds Oct 2030 Term TIPS ETF Company Profile

The iShares iBonds Oct 2030 Term TIPS ETF (IBIG) 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 2030. The fund will terminate in October 2030 IBIG was launched on Sep 19, 2023 and is issued by BlackRock.