Short Interest in iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Increases By 794.1%

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 20,780 shares, a growth of 794.1% from the March 31st total of 2,324 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 11,481 shares, the days-to-cover ratio is presently 1.8 days.

iShares iBonds Oct 2034 Term TIPS ETF Trading Up 0.2%

Shares of IBIK stock traded up $0.06 during trading hours on Friday, hitting $26.04. 11,702 shares of the company’s stock were exchanged, compared to its average volume of 19,494. iShares iBonds Oct 2034 Term TIPS ETF has a 12-month low of $25.10 and a 12-month high of $26.53. The business’s 50 day simple moving average is $25.91 and its 200-day simple moving average is $25.90.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter worth $368,000. ARK & TLK Investments LLC purchased a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter worth $295,000. HighTower Advisors LLC increased its stake in shares of iShares iBonds Oct 2034 Term TIPS ETF by 1.3% in the fourth quarter. HighTower Advisors LLC now owns 891,168 shares of the company’s stock worth $22,850,000 after buying an additional 11,527 shares during the period. CENTRAL TRUST Co purchased a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter worth $25,000. Finally, D.A. Davidson & CO. increased its stake in shares of iShares iBonds Oct 2034 Term TIPS ETF by 11.8% in 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.

iShares iBonds Oct 2034 Term TIPS ETF Company Profile

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.