iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Short Interest Update

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 6,269 shares, a drop of 77.2% from the February 26th total of 27,508 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 20,137 shares, the short-interest ratio is presently 0.3 days.

iShares iBonds Oct 2030 Term TIPS ETF Stock Performance

NYSEARCA:IBIG traded up $0.04 on Friday, hitting $26.11. 8,865 shares of the stock were exchanged, compared to its average volume of 21,125. iShares iBonds Oct 2030 Term TIPS ETF has a 52 week low of $25.38 and a 52 week high of $27.54. The company’s 50-day moving average price is $26.24 and its 200 day moving average price is $26.36.

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

A number of institutional investors and hedge funds have recently modified their holdings of IBIG. Parallel Advisors LLC bought a new stake in shares of iShares iBonds Oct 2030 Term TIPS ETF during the 4th quarter valued at $30,000. Osaic Holdings Inc. grew its stake in shares of iShares iBonds Oct 2030 Term TIPS ETF by 97.6% during the second quarter. Osaic Holdings Inc. now owns 1,235 shares of the company’s stock worth $33,000 after purchasing an additional 610 shares during the period. CENTRAL TRUST Co grew its stake in shares of iShares iBonds Oct 2030 Term TIPS ETF by 230.3% during the third quarter. CENTRAL TRUST Co now owns 4,152 shares of the company’s stock worth $111,000 after purchasing an additional 2,895 shares during the period. Susquehanna International Group LLP bought a new stake in iShares iBonds Oct 2030 Term TIPS ETF in the third quarter valued at about $239,000. Finally, LPL Financial LLC acquired a new position in iShares iBonds Oct 2030 Term TIPS ETF in the fourth quarter valued at about $251,000.

About iShares iBonds Oct 2030 Term TIPS ETF

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.