Short Interest in iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Expands By 82.4%

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 104,458 shares, an increase of 82.4% from the July 30th total of 57,261 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average trading volume of 26,951 shares, the short-interest ratio is currently 3.9 days.

Hedge Funds Weigh In On iShares iBonds Oct 2030 Term TIPS ETF

A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC acquired a new stake in shares of iShares iBonds Oct 2030 Term TIPS ETF in the fourth quarter worth $30,000. Osaic Holdings Inc. grew its stake in iShares iBonds Oct 2030 Term TIPS ETF by 97.6% in the 2nd quarter. Osaic Holdings Inc. now owns 1,235 shares of the company’s stock valued at $33,000 after buying an additional 610 shares during the last quarter. McIlrath & Eck LLC acquired a new position in iShares iBonds Oct 2030 Term TIPS ETF in the 1st quarter valued at $48,000. Susquehanna International Group LLP bought a new position in iShares iBonds Oct 2030 Term TIPS ETF in the 3rd quarter worth $239,000. Finally, LPL Financial LLC acquired a new position in iShares iBonds Oct 2030 Term TIPS ETF during the 4th quarter worth $251,000.

iShares iBonds Oct 2030 Term TIPS ETF Stock Performance

Shares of IBIG stock remained flat at $25.59 during trading on Monday. The company had a trading volume of 32,444 shares, compared to its average volume of 27,333. The stock has a 50 day moving average price of $25.73 and a 200 day moving average price of $26.12. iShares iBonds Oct 2030 Term TIPS ETF has a 1-year low of $25.50 and a 1-year high of $26.87.

iShares iBonds Oct 2030 Term TIPS ETF Company Profile

The iShares iBonds Oct 2030 Term TIPS ETF (IBIG) 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 2030. The fund will terminate in October 2030 IBIG was launched on Sep 19, 2023 and is issued by BlackRock.