iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 109,154 shares, a growth of 88.2% from the August 31st total of 58,010 shares. Based on an average daily trading volume, of 53,389 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.2% of the company’s shares are short sold.
Institutional Investors Weigh In On iShares iBonds Oct 2029 Term TIPS ETF
Several hedge funds have recently made changes to their positions in IBIF. Integrated Wealth Concepts LLC purchased a new stake in iShares iBonds Oct 2029 Term TIPS ETF in the second quarter worth about $35,000. Allworth Financial LP increased its stake in iShares iBonds Oct 2029 Term TIPS ETF by 427.3% during the 2nd quarter. Allworth Financial LP now owns 10,509 shares of the company’s stock valued at $276,000 after purchasing an additional 8,516 shares in the last quarter. Citadel Advisors LLC raised its holdings in iShares iBonds Oct 2029 Term TIPS ETF by 107.5% in the second quarter. Citadel Advisors LLC now owns 90,905 shares of the company’s stock worth $2,390,000 after buying an additional 47,087 shares during the last quarter. Jim Saulnier & Associates LLC lifted its stake in shares of iShares iBonds Oct 2029 Term TIPS ETF by 18.9% in the second quarter. Jim Saulnier & Associates LLC now owns 32,786 shares of the company’s stock worth $862,000 after buying an additional 5,202 shares in the last quarter. Finally, Quantum Financial Advisors LLC raised its holdings in iShares iBonds Oct 2029 Term TIPS ETF by 8.0% in the 2nd quarter. Quantum Financial Advisors LLC now owns 343,768 shares of the company’s stock worth $9,038,000 after acquiring an additional 25,382 shares during the last quarter.
iShares iBonds Oct 2029 Term TIPS ETF Stock Performance
Shares of IBIF opened at $25.39 on Tuesday. iShares iBonds Oct 2029 Term TIPS ETF has a one year low of $25.37 and a one year high of $26.55. The company has a 50-day simple moving average of $25.67 and a two-hundred day simple moving average of $26.03.
About iShares iBonds Oct 2029 Term TIPS ETF
The iShares iBonds Oct 2029 Term TIPS ETF (IBIF) 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 2029. The fund will terminate in October 2029 IBIF was launched on Sep 19, 2023 and is issued by BlackRock.
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