iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Short Interest Up 402.3% in April

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 62,990 shares, a growth of 402.3% from the April 15th total of 12,540 shares. Based on an average daily volume of 18,875 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.4% of the company’s stock are short sold.

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

A number of institutional investors and hedge funds have recently made changes to their positions in IBIG. Quantum Financial Advisors LLC increased its holdings in iShares iBonds Oct 2030 Term TIPS ETF by 12.5% during the 4th quarter. Quantum Financial Advisors LLC now owns 216,711 shares of the company’s stock worth $5,645,000 after purchasing an additional 24,027 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of iShares iBonds Oct 2030 Term TIPS ETF by 998.1% in the fourth quarter. CENTRAL TRUST Co now owns 45,594 shares of the company’s stock valued at $1,188,000 after purchasing an additional 41,442 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of iShares iBonds Oct 2030 Term TIPS ETF by 9.0% during the fourth quarter. D.A. Davidson & CO. now owns 146,032 shares of the company’s stock valued at $3,804,000 after buying an additional 12,007 shares during the last quarter. 4Thought Financial Group Inc. purchased a new position in shares of iShares iBonds Oct 2030 Term TIPS ETF during the first quarter valued at approximately $351,000. Finally, Jim Saulnier & Associates LLC grew its holdings in iShares iBonds Oct 2030 Term TIPS ETF by 8.3% during the first quarter. Jim Saulnier & Associates LLC now owns 25,189 shares of the company’s stock worth $661,000 after buying an additional 1,920 shares in the last quarter.

iShares iBonds Oct 2030 Term TIPS ETF Stock Performance

NYSEARCA IBIG traded down $0.02 during mid-day trading on Thursday, hitting $26.47. The company’s stock had a trading volume of 32,442 shares, compared to its average volume of 24,342. The company’s 50 day simple moving average is $26.34 and its 200 day simple moving average is $26.30. iShares iBonds Oct 2030 Term TIPS ETF has a twelve month low of $25.95 and a twelve month high of $26.87.

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.