iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Short Interest Update
by Mitch Edgeman · The Markets DailyiShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE – Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 31,366 shares, a growth of 2,853.5% from the March 15th total of 1,062 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 32,575 shares, the days-to-cover ratio is currently 1.0 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of IBIE. Quantum Financial Advisors LLC lifted its position in shares of iShares iBonds Oct 2028 Term TIPS ETF by 11.6% during the third quarter. Quantum Financial Advisors LLC now owns 255,222 shares of the company’s stock worth $6,752,000 after acquiring an additional 26,544 shares in the last quarter. North Star Investment Management Corp. purchased a new position in shares of iShares iBonds Oct 2028 Term TIPS ETF in the third quarter valued at $989,000. MKT Advisors LLC grew its position in shares of iShares iBonds Oct 2028 Term TIPS ETF by 30.5% in the third quarter. MKT Advisors LLC now owns 15,632 shares of the company’s stock valued at $410,000 after purchasing an additional 3,654 shares in the last quarter. Mendota Financial Group LLC purchased a new position in shares of iShares iBonds Oct 2028 Term TIPS ETF in the third quarter valued at $64,000. Finally, Addison Advisors LLC grew its position in shares of iShares iBonds Oct 2028 Term TIPS ETF by 6.9% in the fourth quarter. Addison Advisors LLC now owns 105,108 shares of the company’s stock valued at $2,730,000 after purchasing an additional 6,756 shares in the last quarter.
iShares iBonds Oct 2028 Term TIPS ETF Price Performance
IBIE traded up $0.01 during trading on Friday, hitting $26.23. 12,084 shares of the company traded hands, compared to its average volume of 33,639. The stock’s fifty day moving average is $26.16 and its 200 day moving average is $26.17. iShares iBonds Oct 2028 Term TIPS ETF has a one year low of $25.69 and a one year high of $26.56.
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.