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

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 62,990 shares, an increase of 402.3% from the April 15th total of 12,540 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,875 shares, the days-to-cover ratio is currently 3.3 days.

iShares iBonds Oct 2030 Term TIPS ETF Price Performance

IBIG stock opened at $26.50 on Wednesday. iShares iBonds Oct 2030 Term TIPS ETF has a one year low of $25.95 and a one year high of $26.87. The company’s 50 day moving average price is $26.33 and its two-hundred day moving average price is $26.30.

Hedge Funds Weigh In On iShares iBonds Oct 2030 Term TIPS ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. CENTRAL TRUST Co raised its position in iShares iBonds Oct 2030 Term TIPS ETF by 998.1% in the 4th quarter. CENTRAL TRUST Co now owns 45,594 shares of the company’s stock worth $1,188,000 after purchasing an additional 41,442 shares during the period. Jane Street Group LLC purchased a new stake in iShares iBonds Oct 2030 Term TIPS ETF during the fourth quarter valued at about $892,000. Quantum Financial Advisors LLC grew its stake in shares of iShares iBonds Oct 2030 Term TIPS ETF by 12.5% during the fourth quarter. Quantum Financial Advisors LLC now owns 216,711 shares of the company’s stock valued at $5,645,000 after buying an additional 24,027 shares during the last quarter. IFG Advisory LLC increased its holdings in shares of iShares iBonds Oct 2030 Term TIPS ETF by 130.2% in the fourth quarter. IFG Advisory LLC now owns 29,059 shares of the company’s stock worth $757,000 after buying an additional 16,438 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in shares of iShares iBonds Oct 2030 Term TIPS ETF in the third quarter worth about $413,000.

About iShares iBonds Oct 2030 Term TIPS ETF

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.