iShares iBonds Oct 2035 Term TIPS ETF (NYSEARCA:IBIL) Sees Significant Drop in Short Interest

iShares iBonds Oct 2035 Term TIPS ETF (NYSEARCA:IBIL) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 60,333 shares, a decrease of 43.8% from the August 31st total of 107,400 shares. Based on an average daily trading volume, of 24,774 shares, the days-to-cover ratio is presently 2.4 days. Approximately 3.1% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares iBonds Oct 2035 Term TIPS ETF

Several institutional investors and hedge funds have recently modified their holdings of IBIL. 4Thought Financial Group Inc. acquired a new stake in shares of iShares iBonds Oct 2035 Term TIPS ETF in the first quarter valued at about $350,000. Citadel Advisors LLC lifted its stake in iShares iBonds Oct 2035 Term TIPS ETF by 8.9% in the 2nd quarter. Citadel Advisors LLC now owns 38,837 shares of the company’s stock valued at $996,000 after purchasing an additional 3,186 shares during the last quarter. Quantum Financial Advisors LLC raised its stake in iShares iBonds Oct 2035 Term TIPS ETF by 14.9% in the second quarter. Quantum Financial Advisors LLC now owns 10,258 shares of the company’s stock valued at $263,000 after buying an additional 1,332 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in shares of iShares iBonds Oct 2035 Term TIPS ETF by 142.6% during the 1st quarter. CENTRAL TRUST Co now owns 1,213 shares of the company’s stock worth $31,000 after acquiring an additional 713 shares during the period.

iShares iBonds Oct 2035 Term TIPS ETF Stock Performance

NYSEARCA:IBIL remained flat at $23.82 on Wednesday. The company’s stock had a trading volume of 12,859 shares, compared to its average volume of 12,206. iShares iBonds Oct 2035 Term TIPS ETF has a 12-month low of $23.77 and a 12-month high of $26.73. The business has a 50 day moving average of $24.60 and a 200-day moving average of $25.17.

About iShares iBonds Oct 2035 Term TIPS ETF

The iShares iBonds Oct 2035 Term TIPS ETF seeks to track the investment results of the ICE 2035 Maturity US Inflation-Linked Treasury Index, which is composed of U.S. Treasury Inflation-Protected Securities (TIPS) maturing between January 1, 2035, and October 15, 2035.