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

iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 45,791 shares, a drop of 50.9% from the October 15th total of 93,297 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 109,892 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On iShares iBonds Oct 2031 Term TIPS ETF

A number of institutional investors have recently added to or reduced their stakes in IBIH. Quantum Financial Advisors LLC raised its position in iShares iBonds Oct 2031 Term TIPS ETF by 3.8% during the second quarter. Quantum Financial Advisors LLC now owns 234,139 shares of the company’s stock worth $6,156,000 after acquiring an additional 8,483 shares in the last quarter. CENTRAL TRUST Co bought a new position in shares of iShares iBonds Oct 2031 Term TIPS ETF in the 3rd quarter valued at about $2,705,000. IFG Advisory LLC grew its position in shares of iShares iBonds Oct 2031 Term TIPS ETF by 43.3% in the 3rd quarter. IFG Advisory LLC now owns 58,204 shares of the company’s stock valued at $1,456,000 after acquiring an additional 17,583 shares during the period. Bradley & Co. Private Wealth Management LLC increased its stake in shares of iShares iBonds Oct 2031 Term TIPS ETF by 92.9% during the 3rd quarter. Bradley & Co. Private Wealth Management LLC now owns 43,948 shares of the company’s stock worth $1,099,000 after purchasing an additional 21,164 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of iShares iBonds Oct 2031 Term TIPS ETF during the 3rd quarter worth about $405,000.

iShares iBonds Oct 2031 Term TIPS ETF Stock Down 0.1%

Shares of NYSEARCA:IBIH traded down $0.03 during trading on Friday, hitting $25.03. 24,481 shares of the company were exchanged, compared to its average volume of 32,040. iShares iBonds Oct 2031 Term TIPS ETF has a fifty-two week low of $24.84 and a fifty-two week high of $26.55. The firm has a fifty day moving average price of $25.18 and a two-hundred day moving average price of $25.87.

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.