iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Shares Shorted: Short Interest Down 86.3% in September

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

iShares iBonds Oct 2028 Term TIPS ETF Stock Performance

Shares of iShares iBonds Oct 2028 Term TIPS ETF stock traded down $0.02 during trading on Friday, reaching $25.64. The stock had a trading volume of 37,262 shares, compared to its average volume of 55,901. The stock has a fifty day moving average price of $25.72 and a two-hundred day moving average price 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.

Institutional Investors Weigh In On iShares iBonds Oct 2028 Term TIPS ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in iShares iBonds Oct 2028 Term TIPS ETF in the 2nd quarter valued at approximately $35,000. McIlrath & Eck LLC bought a new position in shares of iShares iBonds Oct 2028 Term TIPS ETF during the 1st quarter worth approximately $42,000. Burkett Financial Services LLC bought a new position in shares of iShares iBonds Oct 2028 Term TIPS ETF during the 3rd quarter worth approximately $120,000. Allworth Financial LP raised its holdings in shares of iShares iBonds Oct 2028 Term TIPS ETF by 356.0% in the second quarter. Allworth Financial LP now owns 9,904 shares of the company’s stock valued at $260,000 after purchasing an additional 7,732 shares during the last quarter. Finally, Clark Asset Management LLC acquired a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF in the first quarter valued at approximately $265,000.

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.