iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Stock Short Interest Declines 48.1%

iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 26,320 shares, a drop of 48.1% from the September 30th total of 50,698 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 102,855 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On iShares iBonds Oct 2028 Term TIPS ETF

Hedge funds have recently modified their holdings of the stock. Barrett & Company Inc. acquired a new position in iShares iBonds Oct 2028 Term TIPS ETF during the third quarter worth $26,000. Split Rock Private Trading & Wealth Management LLC boosted its stake in shares of iShares iBonds Oct 2028 Term TIPS ETF by 1.4% in the 3rd quarter. Split Rock Private Trading & Wealth Management LLC now owns 83,217 shares of the company’s stock valued at $2,135,000 after purchasing an additional 1,149 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF in the 2nd quarter worth about $35,000. McIlrath & Eck LLC bought a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF in the 1st quarter worth about $42,000. Finally, Burkett Financial Services LLC acquired a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF during the 3rd quarter worth about $120,000.

iShares iBonds Oct 2028 Term TIPS ETF Stock Performance

NYSEARCA IBIE traded up $0.03 on Friday, reaching $25.83. The company’s stock had a trading volume of 51,179 shares, compared to its average volume of 58,408. iShares iBonds Oct 2028 Term TIPS ETF has a 52 week low of $25.54 and a 52 week high of $26.49. The business has a 50-day moving average price of $25.71 and a 200 day moving average price of $26.01.

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.