iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 59,821 shares, a drop of 38.4% from the September 30th total of 97,144 shares. Based on an average daily volume of 27,736 shares, the short-interest ratio is presently 2.2 days. Currently, 1.5% of the shares of the company are sold short.
iShares iBonds Oct 2034 Term TIPS ETF Trading Up 0.4%
NYSEARCA IBIK opened at $24.71 on Friday. The stock has a 50-day simple moving average of $24.52 and a two-hundred day simple moving average of $25.39. iShares iBonds Oct 2034 Term TIPS ETF has a fifty-two week low of $23.91 and a fifty-two week high of $26.24.
Hedge Funds Weigh In On iShares iBonds Oct 2034 Term TIPS ETF
Several institutional investors and hedge funds have recently modified their holdings of IBIK. Park Avenue Securities LLC acquired a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF during the 3rd quarter worth approximately $9,103,000. D.A. Davidson & CO. purchased a new position in shares of iShares iBonds Oct 2034 Term TIPS ETF in the third quarter worth about $4,407,000. Bradley & Co. Private Wealth Management LLC boosted its stake in iShares iBonds Oct 2034 Term TIPS ETF by 19.4% during the third quarter. Bradley & Co. Private Wealth Management LLC now owns 30,490 shares of the company’s stock worth $736,000 after buying an additional 4,964 shares during the last quarter. Finally, Quantum Financial Advisors LLC boosted its position in shares of iShares iBonds Oct 2034 Term TIPS ETF by 7.3% during the 2nd quarter. Quantum Financial Advisors LLC now owns 12,431 shares of the company’s stock valued at $322,000 after acquiring an additional 851 shares during the last quarter.
About iShares iBonds Oct 2034 Term TIPS ETF
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.
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