iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) Short Interest Down 47.6% in April

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 9,730 shares, a drop of 47.6% from the April 15th total of 18,559 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 8,856 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IBII. Citadel Advisors LLC bought a new stake in iShares iBonds Oct 2032 Term TIPS ETF in the 3rd quarter valued at $1,645,000. CENTRAL TRUST Co boosted its stake in iShares iBonds Oct 2032 Term TIPS ETF by 1,882.2% in the 4th quarter. CENTRAL TRUST Co now owns 37,662 shares of the company’s stock valued at $969,000 after purchasing an additional 35,762 shares during the period. Jane Street Group LLC boosted its stake in iShares iBonds Oct 2032 Term TIPS ETF by 79.6% in the 1st quarter. Jane Street Group LLC now owns 41,022 shares of the company’s stock valued at $1,069,000 after purchasing an additional 18,184 shares during the period. 4Thought Financial Group Inc. bought a new stake in iShares iBonds Oct 2032 Term TIPS ETF in the 1st quarter valued at $351,000. Finally, Quantum Financial Advisors LLC boosted its stake in iShares iBonds Oct 2032 Term TIPS ETF by 8.7% in the 4th quarter. Quantum Financial Advisors LLC now owns 143,997 shares of the company’s stock valued at $3,704,000 after purchasing an additional 11,544 shares during the period. 0.16% of the stock is currently owned by institutional investors.

iShares iBonds Oct 2032 Term TIPS ETF Stock Performance

Shares of NYSEARCA IBII traded down $0.03 during midday trading on Monday, hitting $26.03. 9,827 shares of the company’s stock were exchanged, compared to its average volume of 9,050. iShares iBonds Oct 2032 Term TIPS ETF has a 12 month low of $25.45 and a 12 month high of $26.56. The company’s 50 day moving average price is $26.04 and its 200 day moving average price is $26.00.

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.