iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) Sees Significant Decline in Short Interest

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 15,632 shares, a drop of 66.3% from the June 30th total of 46,439 shares. Based on an average daily trading volume, of 13,609 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.8% of the shares of the company are short sold.

iShares iBonds Oct 2032 Term TIPS ETF Stock Up 0.2%

Shares of IBII stock traded up $0.04 during trading hours on Tuesday, hitting $25.22. The company’s stock had a trading volume of 4,993 shares, compared to its average volume of 11,026. iShares iBonds Oct 2032 Term TIPS ETF has a 12-month low of $25.16 and a 12-month high of $26.56. The company has a 50 day moving average of $25.73 and a 200 day moving average of $25.90.

Institutional Investors Weigh In On iShares iBonds Oct 2032 Term TIPS ETF

Several hedge funds have recently added to or reduced their stakes in the business. Quantum Financial Advisors LLC raised its stake in shares of iShares iBonds Oct 2032 Term TIPS ETF by 604.4% during the 2nd quarter. Quantum Financial Advisors LLC now owns 214,029 shares of the company’s stock valued at $5,565,000 after buying an additional 183,646 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF in the third quarter worth about $1,645,000. CENTRAL TRUST Co grew its holdings in iShares iBonds Oct 2032 Term TIPS ETF by 1,882.2% during the fourth quarter. CENTRAL TRUST Co now owns 37,662 shares of the company’s stock worth $969,000 after acquiring an additional 35,762 shares during the period. Jane Street Group LLC grew its holdings in iShares iBonds Oct 2032 Term TIPS ETF by 79.6% during the first quarter. Jane Street Group LLC now owns 41,022 shares of the company’s stock worth $1,069,000 after acquiring an additional 18,184 shares during the period. Finally, 4Thought Financial Group Inc. purchased a new position in iShares iBonds Oct 2032 Term TIPS ETF during the first quarter valued at approximately $351,000. 0.16% of the stock is owned by hedge funds and other institutional investors.

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.