Short Interest in iShares iBonds Oct 2027 Term TIPS ETF (NYSEARCA:IBID) Drops By 89.3%

iShares iBonds Oct 2027 Term TIPS ETF (NYSEARCA:IBID) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 1,705 shares, a decrease of 89.3% from the January 15th total of 16,004 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 20,135 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 20,135 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

iShares iBonds Oct 2027 Term TIPS ETF Stock Performance

IBID stock traded down $0.01 during mid-day trading on Wednesday, reaching $25.89. The company had a trading volume of 10,039 shares, compared to its average volume of 31,830. iShares iBonds Oct 2027 Term TIPS ETF has a one year low of $25.74 and a one year high of $28.47. The stock’s 50-day simple moving average is $25.89 and its two-hundred day simple moving average is $26.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Addison Advisors LLC acquired a new stake in shares of iShares iBonds Oct 2027 Term TIPS ETF in the second quarter valued at approximately $2,402,000. Quantum Financial Advisors LLC grew its holdings in iShares iBonds Oct 2027 Term TIPS ETF by 12.1% in the 3rd quarter. Quantum Financial Advisors LLC now owns 261,765 shares of the company’s stock worth $6,875,000 after buying an additional 28,152 shares in the last quarter. LPL Financial LLC grew its holdings in iShares iBonds Oct 2027 Term TIPS ETF by 148.1% in the 4th quarter. LPL Financial LLC now owns 39,222 shares of the company’s stock worth $1,012,000 after buying an additional 23,414 shares in the last quarter. High Note Wealth LLC increased its position in iShares iBonds Oct 2027 Term TIPS ETF by 51.0% in the 3rd quarter. High Note Wealth LLC now owns 51,679 shares of the company’s stock valued at $1,357,000 after acquiring an additional 17,450 shares during the period. Finally, Jane Street Group LLC raised its stake in iShares iBonds Oct 2027 Term TIPS ETF by 92.3% during the 1st quarter. Jane Street Group LLC now owns 32,497 shares of the company’s stock valued at $854,000 after acquiring an additional 15,602 shares in the last quarter.

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.