iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Short Interest Up 82.4% in August

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 104,458 shares, a growth of 82.4% from the July 30th total of 57,261 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 26,951 shares, the days-to-cover ratio is presently 3.9 days.

iShares iBonds Oct 2030 Term TIPS ETF Stock Performance

Shares of NYSEARCA:IBIG traded down $0.11 during mid-day trading on Friday, reaching $25.59. The stock had a trading volume of 14,315 shares, compared to its average volume of 27,302. The firm has a 50 day simple moving average of $25.73 and a two-hundred day simple moving average of $26.12. iShares iBonds Oct 2030 Term TIPS ETF has a twelve month low of $25.50 and a twelve month high of $26.87.

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

Several hedge funds have recently bought and sold shares of IBIG. CENTRAL TRUST Co raised its stake in iShares iBonds Oct 2030 Term TIPS ETF by 52.7% during the 1st quarter. CENTRAL TRUST Co now owns 69,638 shares of the company’s stock worth $1,829,000 after buying an additional 24,044 shares during the period. IFG Advisory LLC grew its stake in iShares iBonds Oct 2030 Term TIPS ETF by 130.2% in the fourth quarter. IFG Advisory LLC now owns 29,059 shares of the company’s stock valued at $757,000 after acquiring an additional 16,438 shares during the period. Quantum Financial Advisors LLC grew its stake in iShares iBonds Oct 2030 Term TIPS ETF by 1.0% in the second quarter. Quantum Financial Advisors LLC now owns 281,307 shares of the company’s stock valued at $7,387,000 after acquiring an additional 2,818 shares during the period. NewEdge Advisors LLC increased its holdings in shares of iShares iBonds Oct 2030 Term TIPS ETF by 3.9% in the first quarter. NewEdge Advisors LLC now owns 17,914 shares of the company’s stock worth $470,000 after acquiring an additional 674 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new position in shares of iShares iBonds Oct 2030 Term TIPS ETF in the 1st quarter valued at approximately $48,000.

iShares iBonds Oct 2030 Term TIPS ETF Company Profile

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.