iShares iBonds Oct 2027 Term TIPS ETF (NYSEARCA:IBID – Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 7,010 shares, a decline of 12.8% from the February 26th total of 8,043 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 18,403 shares, the days-to-cover ratio is currently 0.4 days.
iShares iBonds Oct 2027 Term TIPS ETF Stock Performance
Shares of IBID stock opened at $25.99 on Thursday. The firm has a fifty day moving average of $25.96 and a 200-day moving average of $25.99. iShares iBonds Oct 2027 Term TIPS ETF has a 52-week low of $25.75 and a 52-week high of $28.47.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC bought a new position in iShares iBonds Oct 2027 Term TIPS ETF during the fourth quarter worth about $30,000. Osaic Holdings Inc. grew its stake in shares of iShares iBonds Oct 2027 Term TIPS ETF by 190.6% in the 2nd quarter. Osaic Holdings Inc. now owns 1,816 shares of the company’s stock valued at $48,000 after purchasing an additional 1,191 shares during the period. Raymond James Financial Inc. acquired a new position in shares of iShares iBonds Oct 2027 Term TIPS ETF in the 2nd quarter worth approximately $97,000. IFG Advisory LLC acquired a new position in shares of iShares iBonds Oct 2027 Term TIPS ETF in the 4th quarter worth approximately $235,000. Finally, MKT Advisors LLC lifted its position in shares of iShares iBonds Oct 2027 Term TIPS ETF by 30.8% during the 3rd quarter. MKT Advisors LLC now owns 15,651 shares of the company’s stock worth $407,000 after buying an additional 3,681 shares during the period.
About iShares iBonds Oct 2027 Term TIPS ETF
The iShares iBonds Oct 2027 Term TIPS ETF (IBID) 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 2027. The fund will terminate in October 2027. IBID was launched on Sep 13, 2023 and is issued by BlackRock.
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