Short Interest in iShares iBonds Oct 2027 Term TIPS ETF (NYSEARCA:IBID) Expands By 108.9%

iShares iBonds Oct 2027 Term TIPS ETF (NYSEARCA:IBID) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 91,940 shares, an increase of 108.9% from the August 15th total of 44,022 shares. Based on an average trading volume of 51,424 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.0% of the shares of the stock are sold short.

iShares iBonds Oct 2027 Term TIPS ETF Stock Performance

IBID traded up $0.01 during trading on Monday, hitting $25.86. 169,867 shares of the company traded hands, compared to its average volume of 33,910. The stock’s 50-day simple moving average is $25.75 and its two-hundred day simple moving average is $26.01. iShares iBonds Oct 2027 Term TIPS ETF has a 1 year low of $25.63 and a 1 year high of $26.39.

Institutional Investors Weigh In On iShares iBonds Oct 2027 Term TIPS ETF

A number of hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC bought a new stake in iShares iBonds Oct 2027 Term TIPS ETF in the fourth quarter worth $30,000. Osaic Holdings Inc. lifted its position in iShares iBonds Oct 2027 Term TIPS ETF by 190.6% during the second quarter. Osaic Holdings Inc. now owns 1,816 shares of the company’s stock valued at $48,000 after purchasing an additional 1,191 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in iShares iBonds Oct 2027 Term TIPS ETF during the second quarter valued at $35,000. McIlrath & Eck LLC purchased a new position in shares of iShares iBonds Oct 2027 Term TIPS ETF in the 1st quarter worth $40,000. Finally, Jim Saulnier & Associates LLC grew its stake in shares of iShares iBonds Oct 2027 Term TIPS ETF by 20.5% in the 2nd quarter. Jim Saulnier & Associates LLC now owns 15,126 shares of the company’s stock worth $397,000 after buying an additional 2,570 shares in the last quarter.

About iShares iBonds Oct 2027 Term TIPS ETF

The iShares iBonds Oct 2027 Term TIPS ETF (IBID) 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 2027. The fund will terminate in October 2027. IBID was launched on Sep 13, 2023 and is issued by BlackRock.