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

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 50,698 shares, a decline of 86.3% from the September 15th total of 371,235 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 89,037 shares, the days-to-cover ratio is presently 0.6 days.

iShares iBonds Oct 2028 Term TIPS ETF Stock Down 0.1%

Shares of IBIE traded down $0.02 during midday trading on Friday, hitting $25.64. 37,262 shares of the company traded hands, compared to its average volume of 55,901. The firm has a 50 day moving average of $25.72 and a 200-day moving average of $26.01. iShares iBonds Oct 2028 Term TIPS ETF has a 52 week low of $25.54 and a 52 week high of $26.49.

Hedge Funds Weigh In On iShares iBonds Oct 2028 Term TIPS ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its stake in shares of iShares iBonds Oct 2028 Term TIPS ETF by 55.5% in the 1st quarter. North Star Investment Management Corp. now owns 196,038 shares of the company’s stock worth $5,144,000 after buying an additional 69,988 shares in the last quarter. Quantum Financial Advisors LLC increased its holdings in shares of iShares iBonds Oct 2028 Term TIPS ETF by 10.6% in the 2nd quarter. Quantum Financial Advisors LLC now owns 368,799 shares of the company’s stock worth $9,699,000 after buying an additional 35,421 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of iShares iBonds Oct 2028 Term TIPS ETF by 42.5% during the 1st quarter. CENTRAL TRUST Co now owns 84,085 shares of the company’s stock valued at $2,206,000 after buying an additional 25,069 shares in the last quarter. Briggs Wealth Management Inc purchased a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF during the 4th quarter valued at about $454,000. Finally, 4Thought Financial Group Inc. purchased a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF during the 1st quarter valued at about $352,000.

About iShares iBonds Oct 2028 Term TIPS ETF

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.