Short Interest in iShares iBonds Oct 2035 Term TIPS ETF (NYSEARCA:IBIL) Drops By 84.2%
by Jessica Moore · The Cerbat GemiShares iBonds Oct 2035 Term TIPS ETF (NYSEARCA:IBIL – Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 5,106 shares, a drop of 84.2% from the March 15th total of 32,244 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,537 shares, the days-to-cover ratio is presently 0.5 days.
iShares iBonds Oct 2035 Term TIPS ETF Stock Performance
NYSEARCA IBIL traded up $0.01 during trading on Friday, hitting $25.59. 15,103 shares of the stock traded hands, compared to its average volume of 8,228. The firm has a 50-day simple moving average of $25.64 and a 200-day simple moving average of $25.66. iShares iBonds Oct 2035 Term TIPS ETF has a 12-month low of $24.17 and a 12-month high of $26.73.
Institutional Investors Weigh In On iShares iBonds Oct 2035 Term TIPS ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in iShares iBonds Oct 2035 Term TIPS ETF during the 1st quarter valued at $1,204,000. LPL Financial LLC bought a new stake in iShares iBonds Oct 2035 Term TIPS ETF during the 4th quarter valued at $474,000. ARK & TLK Investments LLC bought a new stake in iShares iBonds Oct 2035 Term TIPS ETF during the 4th quarter valued at $294,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new stake in iShares iBonds Oct 2035 Term TIPS ETF during the 3rd quarter valued at $280,000.
iShares iBonds Oct 2035 Term TIPS ETF Company Profile
The iShares iBonds Oct 2035 Term TIPS ETF seeks to track the investment results of the ICE 2035 Maturity US Inflation-Linked Treasury Index, which is composed of U.S. Treasury Inflation-Protected Securities (TIPS) maturing between January 1, 2035, and October 15, 2035.