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

iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 85,677 shares, an increase of 86.9% from the July 30th total of 45,830 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average trading volume of 27,343 shares, the days-to-cover ratio is currently 3.1 days.

iShares iBonds Oct 2031 Term TIPS ETF Price Performance

Shares of NYSEARCA:IBIH traded down $0.13 during trading on Friday, reaching $25.56. 26,000 shares of the stock were exchanged, compared to its average volume of 15,018. The stock has a fifty day moving average of $25.73 and a two-hundred day moving average of $26.11. iShares iBonds Oct 2031 Term TIPS ETF has a 1-year low of $25.52 and a 1-year high of $26.79.

Institutional Investors Weigh In On iShares iBonds Oct 2031 Term TIPS ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IBIH. Jane Street Group LLC bought a new position in iShares iBonds Oct 2031 Term TIPS ETF in the 2nd quarter valued at about $757,000. Citadel Advisors LLC increased its holdings in iShares iBonds Oct 2031 Term TIPS ETF by 36.8% during the 3rd quarter. Citadel Advisors LLC now owns 49,418 shares of the company’s stock worth $1,314,000 after purchasing an additional 13,290 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of iShares iBonds Oct 2031 Term TIPS ETF by 928.9% in the fourth quarter. CENTRAL TRUST Co now owns 41,567 shares of the company’s stock worth $1,081,000 after purchasing an additional 37,527 shares during the last quarter. IFG Advisory LLC purchased a new stake in shares of iShares iBonds Oct 2031 Term TIPS ETF in the fourth quarter worth approximately $494,000. Finally, LPL Financial LLC lifted its holdings 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 purchasing an additional 5,491 shares in the last quarter.

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.