iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Sees Significant Increase in Short Interest

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 23,293 shares, an increase of 97.6% from the June 15th total of 11,789 shares. Based on an average trading volume of 22,881 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IBIK. Park Avenue Securities LLC increased its stake in shares of iShares iBonds Oct 2034 Term TIPS ETF by 7.7% in the fourth quarter. Park Avenue Securities LLC now owns 84,964 shares of the company’s stock valued at $2,178,000 after purchasing an additional 6,099 shares during the period. Quantum Financial Advisors LLC raised its holdings in shares of iShares iBonds Oct 2034 Term TIPS ETF by 0.4% during the fourth quarter. Quantum Financial Advisors LLC now owns 109,634 shares of the company’s stock valued at $2,811,000 after buying an additional 483 shares during the last quarter. Wealth Alliance Advisory Group LLC acquired a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF during the fourth quarter worth approximately $360,000. D.A. Davidson & CO. boosted its position in shares of iShares iBonds Oct 2034 Term TIPS ETF by 11.8% during the fourth quarter. D.A. Davidson & CO. now owns 157,241 shares of the company’s stock worth $4,032,000 after buying an additional 16,614 shares during the period. Finally, CENTRAL TRUST Co bought a new position in iShares iBonds Oct 2034 Term TIPS ETF in the 4th quarter worth approximately $25,000.

iShares iBonds Oct 2034 Term TIPS ETF Stock Performance

iShares iBonds Oct 2034 Term TIPS ETF stock opened at $25.18 on Friday. The company has a 50-day simple moving average of $25.67 and a 200-day simple moving average of $25.79. iShares iBonds Oct 2034 Term TIPS ETF has a one year low of $25.04 and a one year high of $26.53.

About iShares iBonds Oct 2034 Term TIPS ETF

The iShares iBonds Oct 2034 Term TIPS ETF (IBIK) 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 2034. The fund will terminate in October 2034 IBIK was launched on May 22, 2024 and is issued by BlackRock.