iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) Short Interest Up 523.4% in May

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 20,823 shares, a growth of 523.4% from the May 14th total of 3,340 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 12,761 shares, the days-to-cover ratio is presently 1.6 days.

iShares iBonds Oct 2032 Term TIPS ETF Stock Up 0.3%

Shares of NYSEARCA:IBII traded up $0.08 during midday trading on Thursday, reaching $26.01. The company’s stock had a trading volume of 6,014 shares, compared to its average volume of 10,265. The firm has a 50 day moving average of $26.05 and a 200-day moving average of $26.00. iShares iBonds Oct 2032 Term TIPS ETF has a 12-month low of $25.58 and a 12-month high of $26.56.

Institutional Trading of iShares iBonds Oct 2032 Term TIPS ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IBII. Citadel Advisors LLC purchased a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF in the 3rd quarter worth approximately $1,645,000. CENTRAL TRUST Co grew its stake in shares of iShares iBonds Oct 2032 Term TIPS ETF by 1,882.2% in the 4th quarter. CENTRAL TRUST Co now owns 37,662 shares of the company’s stock worth $969,000 after buying an additional 35,762 shares during the last quarter. Jane Street Group LLC grew its stake in shares of iShares iBonds Oct 2032 Term TIPS ETF by 79.6% in the 1st quarter. Jane Street Group LLC now owns 41,022 shares of the company’s stock worth $1,069,000 after buying an additional 18,184 shares during the last quarter. 4Thought Financial Group Inc. purchased a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF in the 1st quarter worth approximately $351,000. Finally, Quantum Financial Advisors LLC grew its stake in shares of iShares iBonds Oct 2032 Term TIPS ETF by 8.7% in the 4th quarter. Quantum Financial Advisors LLC now owns 143,997 shares of the company’s stock worth $3,704,000 after buying an additional 11,544 shares during the last quarter. Hedge funds and other institutional investors own 0.16% of the company’s stock.

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.