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

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 37,709 shares, a decline of 48.2% from the September 30th total of 72,832 shares. Based on an average daily trading volume, of 125,973 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares iBonds Dec 2034 Term Treasury ETF

A hedge fund recently raised its stake in iShares iBonds Dec 2034 Term Treasury ETF stock. Confluence Investment Management LLC raised its position in iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 965,101 shares of the company’s stock after purchasing an additional 45,923 shares during the period. Confluence Investment Management LLC owned about 9.24% of iShares iBonds Dec 2034 Term Treasury ETF worth $24,499,000 at the end of the most recent reporting period.

iShares iBonds Dec 2034 Term Treasury ETF Price Performance

NASDAQ IBTP traded up $0.12 during trading hours on Friday, reaching $24.65. The company’s stock had a trading volume of 92,544 shares, compared to its average volume of 67,851. The company’s 50-day moving average is $24.44 and its two-hundred day moving average is $25.22. iShares iBonds Dec 2034 Term Treasury ETF has a fifty-two week low of $23.89 and a fifty-two week high of $26.32.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.0830 dividend. This is a drop from iShares iBonds Dec 2034 Term Treasury ETF’s previous monthly dividend of $0.0871. This represents a $1.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, October 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.