iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 86,797 shares, an increase of 87.2% from the August 15th total of 46,375 shares. Based on an average daily trading volume, of 20,439 shares, the days-to-cover ratio is currently 4.2 days. Approximately 4.5% of the shares of the stock are short sold.
Hedge Funds Weigh In On iShares iBonds Oct 2032 Term TIPS ETF
Several large investors have recently modified their holdings of IBII. Quantum Financial Advisors LLC lifted its stake in shares of iShares iBonds Oct 2032 Term TIPS ETF by 604.4% in the 2nd quarter. Quantum Financial Advisors LLC now owns 214,029 shares of the company’s stock valued at $5,565,000 after purchasing an additional 183,646 shares during the period. CENTRAL TRUST Co grew its stake in iShares iBonds Oct 2032 Term TIPS ETF by 78.9% during the first quarter. CENTRAL TRUST Co now owns 67,386 shares of the company’s stock worth $1,746,000 after purchasing an additional 29,724 shares during the period. Yoder Wealth Management Inc. increased its holdings in iShares iBonds Oct 2032 Term TIPS ETF by 69.8% in the first quarter. Yoder Wealth Management Inc. now owns 14,600 shares of the company’s stock worth $378,000 after purchasing an additional 6,000 shares in the last quarter. 4Thought Financial Group Inc. bought a new stake in iShares iBonds Oct 2032 Term TIPS ETF in the first quarter worth approximately $351,000. Finally, Allworth Financial LP acquired a new position in iShares iBonds Oct 2032 Term TIPS ETF in the second quarter valued at approximately $224,000. Institutional investors own 0.16% of the company’s stock.
iShares iBonds Oct 2032 Term TIPS ETF Price Performance
NYSEARCA:IBII traded up $0.07 on Thursday, hitting $24.85. The company had a trading volume of 28,367 shares, compared to its average volume of 15,542. iShares iBonds Oct 2032 Term TIPS ETF has a 52 week low of $24.78 and a 52 week high of $26.46. The firm has a 50 day moving average of $25.25 and a two-hundred day moving average of $25.73.
About iShares iBonds Oct 2032 Term TIPS ETF
The iShares iBonds Oct 2032 Term TIPS ETF (IBII) 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 2032. The fund will terminate in October 2032 IBII was launched on Sep 19, 2023 and is issued by BlackRock.
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