iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Sees Large Growth in Short Interest

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 19,532 shares, a growth of 22.4% from the November 30th total of 15,955 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 5,817 shares, the short-interest ratio is currently 3.4 days. Based on an average daily trading volume, of 5,817 shares, the short-interest ratio is currently 3.4 days. Currently, 0.6% of the company’s stock are sold short.

iShares iBonds Oct 2034 Term TIPS ETF Stock Down 0.2%

Shares of IBIK opened at $25.64 on Friday. iShares iBonds Oct 2034 Term TIPS ETF has a twelve month low of $24.43 and a twelve month high of $27.42. The firm’s 50 day moving average price is $25.95 and its two-hundred day moving average price is $25.91.

Hedge Funds Weigh In On iShares iBonds Oct 2034 Term TIPS ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bradley & Co. Private Wealth Management LLC bought a new position in iShares iBonds Oct 2034 Term TIPS ETF during the 3rd quarter worth about $280,000. HighTower Advisors LLC grew its holdings in shares of iShares iBonds Oct 2034 Term TIPS ETF by 7.7% during the third quarter. HighTower Advisors LLC now owns 879,641 shares of the company’s stock worth $23,051,000 after buying an additional 63,184 shares in the last quarter. Park Avenue Securities LLC raised its position in iShares iBonds Oct 2034 Term TIPS ETF by 46.3% in the 3rd quarter. Park Avenue Securities LLC now owns 78,865 shares of the company’s stock valued at $2,067,000 after buying an additional 24,955 shares during the last quarter. D.A. Davidson & CO. lifted its stake in iShares iBonds Oct 2034 Term TIPS ETF by 33.5% in the 3rd quarter. D.A. Davidson & CO. now owns 140,627 shares of the company’s stock valued at $3,685,000 after acquiring an additional 35,298 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in iShares iBonds Oct 2034 Term TIPS ETF in the 3rd quarter valued at approximately $84,000.

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.