iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) Stock Short Interest Drops 70.2%

iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 24,459 shares, a decline of 70.2% from the September 30th total of 82,002 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 60,478 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IBIF. Quantum Financial Advisors LLC raised its stake in iShares iBonds Oct 2029 Term TIPS ETF by 8.0% in the second quarter. Quantum Financial Advisors LLC now owns 343,768 shares of the company’s stock valued at $9,038,000 after purchasing an additional 25,382 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of iShares iBonds Oct 2029 Term TIPS ETF by 107.5% in the 2nd quarter. Citadel Advisors LLC now owns 90,905 shares of the company’s stock worth $2,390,000 after buying an additional 47,087 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its holdings in shares of iShares iBonds Oct 2029 Term TIPS ETF by 5.5% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 82,000 shares of the company’s stock worth $2,084,000 after acquiring an additional 4,285 shares during the last quarter. Bradley & Co. Private Wealth Management LLC lifted its holdings in shares of iShares iBonds Oct 2029 Term TIPS ETF by 165.8% during the 3rd quarter. Bradley & Co. Private Wealth Management LLC now owns 48,854 shares of the company’s stock worth $1,241,000 after acquiring an additional 30,473 shares during the last quarter. Finally, Jim Saulnier & Associates LLC grew its position in iShares iBonds Oct 2029 Term TIPS ETF by 18.9% in the second quarter. Jim Saulnier & Associates LLC now owns 32,786 shares of the company’s stock worth $862,000 after acquiring an additional 5,202 shares in the last quarter.

iShares iBonds Oct 2029 Term TIPS ETF Stock Performance

Shares of NYSEARCA IBIF opened at $25.57 on Wednesday. The stock’s 50-day simple moving average is $25.56 and its two-hundred day simple moving average is $26.00. iShares iBonds Oct 2029 Term TIPS ETF has a twelve month low of $25.27 and a twelve month high of $26.51.

About iShares iBonds Oct 2029 Term TIPS ETF

The iShares iBonds Oct 2029 Term TIPS ETF (IBIF) 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 2029. The fund will terminate in October 2029 IBIF was launched on Sep 19, 2023 and is issued by BlackRock.