iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) Short Interest Up 1,103.4% in May

iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 24,729 shares, a growth of 1,103.4% from the May 14th total of 2,055 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 9,720 shares, the short-interest ratio is presently 2.5 days.

iShares iBonds Oct 2034 Term TIPS ETF Stock Performance

IBIK stock traded up $0.03 during trading hours on Tuesday, hitting $25.77. The company’s stock had a trading volume of 8,700 shares, compared to its average volume of 16,771. iShares iBonds Oct 2034 Term TIPS ETF has a 12 month low of $25.25 and a 12 month high of $26.53. The stock has a 50 day moving average price of $25.89 and a two-hundred day moving average price of $25.88.

Institutional Trading of iShares iBonds Oct 2034 Term TIPS ETF

Several large investors have recently added to or reduced their stakes in IBIK. HighTower Advisors LLC grew its position in iShares iBonds Oct 2034 Term TIPS ETF by 7.7% in the third quarter. HighTower Advisors LLC now owns 879,641 shares of the company’s stock worth $23,051,000 after acquiring an additional 63,184 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in iShares iBonds Oct 2034 Term TIPS ETF in the third quarter worth approximately $280,000. Park Avenue Securities LLC grew its position in iShares iBonds Oct 2034 Term TIPS ETF by 7.7% in the fourth quarter. Park Avenue Securities LLC now owns 84,964 shares of the company’s stock worth $2,178,000 after acquiring an additional 6,099 shares in the last quarter. Quantum Financial Advisors LLC grew its position in iShares iBonds Oct 2034 Term TIPS ETF by 0.4% in the fourth quarter. Quantum Financial Advisors LLC now owns 109,634 shares of the company’s stock worth $2,811,000 after acquiring an additional 483 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC bought a new stake in iShares iBonds Oct 2034 Term TIPS ETF in the fourth quarter worth approximately $360,000.

iShares iBonds Oct 2034 Term TIPS ETF Company Profile

The iShares iBonds Oct 2034 Term TIPS ETF (IBIK) 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 2034. The fund will terminate in October 2034 IBIK was launched on May 22, 2024 and is issued by BlackRock.