iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Sees Significant Decline in Short Interest

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 22,689 shares, a drop of 61.8% from the June 15th total of 59,378 shares. Based on an average daily trading volume, of 69,667 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IBTP. Atlantic Union Bankshares Corp boosted its stake in shares of iShares iBonds Dec 2034 Term Treasury ETF by 32.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 1,272,993 shares of the company’s stock valued at $32,855,000 after buying an additional 313,063 shares during the period. Confluence Investment Management LLC grew its position in iShares iBonds Dec 2034 Term Treasury ETF by 11.4% during the fourth quarter. Confluence Investment Management LLC now owns 716,175 shares of the company’s stock worth $18,484,000 after buying an additional 73,471 shares in the last quarter. United Capital Financial Advisors LLC increased its stake in iShares iBonds Dec 2034 Term Treasury ETF by 43.6% during the 3rd quarter. United Capital Financial Advisors LLC now owns 60,275 shares of the company’s stock worth $1,562,000 after acquiring an additional 18,300 shares during the period. Flow Traders U.S. LLC bought a new position in iShares iBonds Dec 2034 Term Treasury ETF during the 3rd quarter worth $389,000. Finally, Dearborn Partners LLC acquired a new position in iShares iBonds Dec 2034 Term Treasury ETF in the 4th quarter valued at $206,000.

iShares iBonds Dec 2034 Term Treasury ETF Trading Up 0.3%

Shares of IBTP stock traded up $0.07 on Tuesday, hitting $25.13. The company’s stock had a trading volume of 33,220 shares, compared to its average volume of 50,100. iShares iBonds Dec 2034 Term Treasury ETF has a fifty-two week low of $24.98 and a fifty-two week high of $26.32. The stock’s 50 day moving average is $25.28 and its 200-day moving average is $25.60.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.0855 per share. The ex-dividend date was Wednesday, July 1st.

iShares iBonds Dec 2034 Term Treasury ETF Company Profile

The iShares iBonds Dec 2034 Term Treasury ETF (IBTP) is an exchange-traded fund that is based on the ICE 2034 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2034. The fund will terminate in December 2034. IBTP was launched on Jun 11, 2024 and is issued by BlackRock.