iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Significant Growth in Short Interest

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 362,303 shares, a growth of 204.7% from the September 15th total of 118,907 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 485,652 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC acquired a new stake in iShares iBonds Dec 2031 Term Treasury ETF in the third quarter valued at $9,666,000. Montecito Bank & Trust bought a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF in the 3rd quarter valued at about $784,000. Confluence Investment Management LLC bought a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF in the 3rd quarter valued at about $16,376,000. NewEdge Advisors LLC raised its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 6.0% in the 2nd quarter. NewEdge Advisors LLC now owns 676,777 shares of the company’s stock valued at $13,664,000 after purchasing an additional 38,213 shares during the period. Finally, Parallel Advisors LLC lifted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% in the 1st quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock valued at $4,094,000 after purchasing an additional 30,319 shares during the last quarter.

iShares iBonds Dec 2031 Term Treasury ETF Trading Up 0.1%

Shares of iShares iBonds Dec 2031 Term Treasury ETF stock opened at $19.49 on Wednesday. iShares iBonds Dec 2031 Term Treasury ETF has a 12-month low of $19.37 and a 12-month high of $20.81. The business’s 50 day moving average is $19.76 and its 200-day moving average is $20.03.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.0656 per share. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0661. This represents a $0.79 dividend on an annualized basis and a yield of 4.0%.

iShares iBonds Dec 2031 Term Treasury ETF Company Profile

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.