iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Short Interest Up 1,103.4% in May

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 24,729 shares, a growth of 1,103.4% from the May 14th total of 2,055 shares. Based on an average daily trading volume, of 9,720 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Trading of iShares iBonds Oct 2034 Term TIPS ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. lifted its stake in shares of iShares iBonds Oct 2034 Term TIPS ETF by 3.9% in the first quarter. D.A. Davidson & CO. now owns 163,436 shares of the company’s stock worth $4,208,000 after buying an additional 6,195 shares during the last quarter. 4Thought Financial Group Inc. acquired a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the first quarter worth $350,000. Jane Street Group LLC acquired a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter worth $368,000. ARK & TLK Investments LLC acquired a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter worth $295,000. Finally, HighTower Advisors LLC raised its stake in iShares iBonds Oct 2034 Term TIPS ETF by 1.3% during the 4th quarter. HighTower Advisors LLC now owns 891,168 shares of the company’s stock valued at $22,850,000 after purchasing an additional 11,527 shares during the last quarter.

iShares iBonds Oct 2034 Term TIPS ETF Price Performance

Shares of iShares iBonds Oct 2034 Term TIPS ETF stock traded up $0.03 on Tuesday, reaching $25.77. The stock had a trading volume of 8,700 shares, compared to its average volume of 16,771. The business’s 50-day moving average price is $25.89 and its two-hundred day moving average price is $25.88. iShares iBonds Oct 2034 Term TIPS ETF has a fifty-two week low of $25.25 and a fifty-two week high of $26.53.

About iShares iBonds Oct 2034 Term TIPS ETF

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.