iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Sees Large Growth in Short Interest

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 371,235 shares, an increase of 76.0% from the August 31st total of 210,889 shares. Approximately 3.9% of the shares of the company are short sold. Based on an average daily trading volume, of 173,302 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Investors Weigh In On iShares iBonds Oct 2028 Term TIPS ETF

Hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF during the 2nd quarter worth approximately $35,000. McIlrath & Eck LLC acquired a new position in shares of iShares iBonds Oct 2028 Term TIPS ETF in the 1st quarter valued at $42,000. Allworth Financial LP lifted its stake in shares of iShares iBonds Oct 2028 Term TIPS ETF by 356.0% in the 2nd quarter. Allworth Financial LP now owns 9,904 shares of the company’s stock valued at $260,000 after purchasing an additional 7,732 shares during the period. Clark Asset Management LLC purchased a new stake in iShares iBonds Oct 2028 Term TIPS ETF during the first quarter worth $265,000. Finally, 4Thought Financial Group Inc. purchased a new stake in iShares iBonds Oct 2028 Term TIPS ETF during the first quarter worth $352,000.

iShares iBonds Oct 2028 Term TIPS ETF Stock Down 0.2%

Shares of IBIE traded down $0.06 during mid-day trading on Thursday, reaching $25.60. The company had a trading volume of 76,418 shares, compared to its average volume of 55,280. iShares iBonds Oct 2028 Term TIPS ETF has a 52-week low of $25.54 and a 52-week high of $26.49. The stock has a 50 day moving average of $25.73 and a two-hundred day moving average of $26.04.

iShares iBonds Oct 2028 Term TIPS ETF Company Profile

The iShares iBonds Oct 2028 Term TIPS ETF (IBIE) 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 2028. The fund will terminate in October 2028. IBIE was launched on Sep 13, 2023 and is issued by BlackRock.