iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Shares Shorted: Short Interest Down 86.3% in September

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 50,698 shares, a decline of 86.3% from the September 15th total of 371,235 shares. Based on an average daily trading volume, of 89,037 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares iBonds Oct 2028 Term TIPS ETF

Several large investors have recently modified their holdings of IBIE. North Star Investment Management Corp. grew its position in shares of iShares iBonds Oct 2028 Term TIPS ETF by 55.5% in the 1st quarter. North Star Investment Management Corp. now owns 196,038 shares of the company’s stock valued at $5,144,000 after purchasing an additional 69,988 shares during the period. Quantum Financial Advisors LLC raised its holdings in iShares iBonds Oct 2028 Term TIPS ETF by 10.6% during the 2nd quarter. Quantum Financial Advisors LLC now owns 368,799 shares of the company’s stock worth $9,699,000 after buying an additional 35,421 shares during the period. CENTRAL TRUST Co raised its holdings in iShares iBonds Oct 2028 Term TIPS ETF by 42.5% during the 1st quarter. CENTRAL TRUST Co now owns 84,085 shares of the company’s stock worth $2,206,000 after buying an additional 25,069 shares during the period. Briggs Wealth Management Inc bought a new position in iShares iBonds Oct 2028 Term TIPS ETF in the fourth quarter valued at approximately $454,000. Finally, 4Thought Financial Group Inc. bought a new position in iShares iBonds Oct 2028 Term TIPS ETF in the first quarter valued at approximately $352,000.

iShares iBonds Oct 2028 Term TIPS ETF Stock Performance

iShares iBonds Oct 2028 Term TIPS ETF stock traded down $0.02 during mid-day trading on Friday, hitting $25.64. 37,262 shares of the company’s stock were exchanged, compared to its average volume of 55,901. iShares iBonds Oct 2028 Term TIPS ETF has a fifty-two week low of $25.54 and a fifty-two week high of $26.49. The company’s 50 day simple moving average is $25.72 and its 200-day simple moving average is $26.01.

About iShares iBonds Oct 2028 Term TIPS ETF

The iShares iBonds Oct 2028 Term TIPS ETF (IBIE) 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 2028. The fund will terminate in October 2028. IBIE was launched on Sep 13, 2023 and is issued by BlackRock.