iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Sees Significant Growth in Short Interest

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 8,066 shares, a growth of 28.7% from the March 15th total of 6,269 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 15,231 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On iShares iBonds Oct 2030 Term TIPS ETF

Several institutional investors have recently bought and sold shares of IBIG. Royal Bank of Canada boosted its holdings in iShares iBonds Oct 2030 Term TIPS ETF by 13.9% during the 1st quarter. Royal Bank of Canada now owns 14,341 shares of the company’s stock valued at $379,000 after acquiring an additional 1,748 shares during the period. Creative Planning purchased a new stake in iShares iBonds Oct 2030 Term TIPS ETF during the 2nd quarter valued at about $279,000. Osaic Holdings Inc. boosted its holdings in iShares iBonds Oct 2030 Term TIPS ETF by 97.6% during the 2nd quarter. Osaic Holdings Inc. now owns 1,235 shares of the company’s stock valued at $33,000 after acquiring an additional 610 shares during the period. Quantum Financial Advisors LLC boosted its holdings in iShares iBonds Oct 2030 Term TIPS ETF by 11.4% during the 3rd quarter. Quantum Financial Advisors LLC now owns 192,684 shares of the company’s stock valued at $5,141,000 after acquiring an additional 19,769 shares during the period. Finally, MKT Advisors LLC boosted its holdings in iShares iBonds Oct 2030 Term TIPS ETF by 11.9% during the 3rd quarter. MKT Advisors LLC now owns 13,063 shares of the company’s stock valued at $345,000 after acquiring an additional 1,390 shares during the period.

iShares iBonds Oct 2030 Term TIPS ETF Stock Performance

Shares of IBIG stock opened at $26.36 on Thursday. iShares iBonds Oct 2030 Term TIPS ETF has a 1-year low of $25.83 and a 1-year high of $26.87. The business has a 50-day moving average of $26.28 and a 200 day moving average of $26.31.

iShares iBonds Oct 2030 Term TIPS ETF Company Profile

The iShares iBonds Oct 2030 Term TIPS ETF (IBIG) 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 2030. The fund will terminate in October 2030 IBIG was launched on Sep 19, 2023 and is issued by BlackRock.