Short Interest in iShares iBonds Dec 2035 Term Treasury ETF (NASDAQ:IBTQ) Increases By 177.5%

iShares iBonds Dec 2035 Term Treasury ETF (NASDAQ:IBTQ) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 81,764 shares, an increase of 177.5% from the June 30th total of 29,466 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 30,771 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Investors Weigh In On iShares iBonds Dec 2035 Term Treasury ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Confluence Investment Management LLC increased its holdings in shares of iShares iBonds Dec 2035 Term Treasury ETF by 29.3% during the 2nd quarter. Confluence Investment Management LLC now owns 1,044,548 shares of the company’s stock valued at $26,202,000 after purchasing an additional 236,662 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in iShares iBonds Dec 2035 Term Treasury ETF during the third quarter worth $603,000. Finally, Atlantic Private Wealth LLC boosted its holdings in iShares iBonds Dec 2035 Term Treasury ETF by 510.5% during the first quarter. Atlantic Private Wealth LLC now owns 20,689 shares of the company’s stock worth $524,000 after buying an additional 17,300 shares in the last quarter.

iShares iBonds Dec 2035 Term Treasury ETF Stock Up 0.4%

Shares of IBTQ traded up $0.09 during mid-day trading on Tuesday, reaching $24.80. The company had a trading volume of 91,662 shares, compared to its average volume of 71,241. iShares iBonds Dec 2035 Term Treasury ETF has a 52-week low of $24.59 and a 52-week high of $26.00. The stock has a 50 day moving average of $24.91 and a two-hundred day moving average of $25.22.

iShares iBonds Dec 2035 Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.0843 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

About iShares iBonds Dec 2035 Term Treasury ETF

iShares Trust – iShares iBonds Dec 2035 Term Treasury ETF is an exchange traded fund launched by BlackRock, Inc The fund is managed by BlackRock Fund Advisors. It invests in fixed income markets of the United States. The fund invests in in U.S. treasury bonds that have a fixed coupon schedule and are denominated in U.S. dollars. It invests in bonds that will mature between January 1, 2035 and December 15, 2035. The fund seeks to track the performance of the ICE 2035 Maturity US Treasury Index, by using representative sampling technique.