iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH) Sees Large Drop in Short Interest

iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 33,359 shares, a drop of 37.2% from the May 31st total of 53,155 shares. Based on an average daily trading volume, of 13,421 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.8% of the shares of the company are sold short.

Institutional Trading of iShares iBonds Oct 2031 Term TIPS ETF

Institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its position in shares of iShares iBonds Oct 2031 Term TIPS ETF by 34.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,871 shares of the company’s stock worth $75,000 after purchasing an additional 741 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of iShares iBonds Oct 2031 Term TIPS ETF in the third quarter valued at approximately $199,000. Osaic Holdings Inc. boosted its stake in shares of iShares iBonds Oct 2031 Term TIPS ETF by 25.3% in the fourth quarter. Osaic Holdings Inc. now owns 8,406 shares of the company’s stock valued at $219,000 after buying an additional 1,698 shares during the period. 4Thought Financial Group Inc. bought a new stake in shares of iShares iBonds Oct 2031 Term TIPS ETF in the first quarter valued at approximately $351,000. Finally, LPL Financial LLC boosted its stake in shares of iShares iBonds Oct 2031 Term TIPS ETF by 52.1% in the fourth quarter. LPL Financial LLC now owns 16,025 shares of the company’s stock valued at $417,000 after buying an additional 5,491 shares during the period.

iShares iBonds Oct 2031 Term TIPS ETF Trading Up 0.0%

Shares of IBIH stock traded up $0.01 on Thursday, hitting $25.65. The company’s stock had a trading volume of 12,233 shares, compared to its average volume of 12,611. The stock’s 50 day moving average is $26.32 and its 200-day moving average is $26.24. iShares iBonds Oct 2031 Term TIPS ETF has a fifty-two week low of $25.64 and a fifty-two week high of $26.79.

About iShares iBonds Oct 2031 Term TIPS ETF

The iShares iBonds Oct 2031 Term TIPS ETF (IBIH) 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 2031. The fund will terminate in October 2031 IBIH was launched on Sep 19, 2023 and is issued by BlackRock.