iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH) Sees Significant Decline in Short Interest

iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 33,359 shares, a decrease of 37.2% from the May 31st total of 53,155 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 13,421 shares, the days-to-cover ratio is currently 2.5 days.

iShares iBonds Oct 2031 Term TIPS ETF Price Performance

Shares of NYSEARCA IBIH remained flat at $25.66 during trading on Friday. The stock had a trading volume of 12,427 shares, compared to its average volume of 12,613. iShares iBonds Oct 2031 Term TIPS ETF has a 1 year low of $25.64 and a 1 year high of $26.79. The company has a 50 day simple moving average of $26.31 and a 200 day simple moving average of $26.24.

Institutional Investors Weigh In On iShares iBonds Oct 2031 Term TIPS ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBIH. Steward Partners Investment Advisory LLC boosted its position in shares of iShares iBonds Oct 2031 Term TIPS ETF by 34.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,871 shares of the company’s stock worth $75,000 after purchasing an additional 741 shares during the period. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of iShares iBonds Oct 2031 Term TIPS ETF during the 3rd quarter valued at $199,000. Osaic Holdings Inc. raised its position in shares of iShares iBonds Oct 2031 Term TIPS ETF by 25.3% during the 4th quarter. Osaic Holdings Inc. now owns 8,406 shares of the company’s stock valued at $219,000 after purchasing an additional 1,698 shares during the period. 4Thought Financial Group Inc. purchased a new position in shares of iShares iBonds Oct 2031 Term TIPS ETF during the 1st quarter valued at $351,000. Finally, LPL Financial LLC lifted its stake in shares of iShares iBonds Oct 2031 Term TIPS ETF by 52.1% during the 4th quarter. LPL Financial LLC now owns 16,025 shares of the company’s stock valued at $417,000 after buying an additional 5,491 shares in the last quarter.

About iShares iBonds Oct 2031 Term TIPS ETF

The iShares iBonds Oct 2031 Term TIPS ETF (IBIH) 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 2031. The fund will terminate in October 2031 IBIH was launched on Sep 19, 2023 and is issued by BlackRock.