iShares iBonds Dec 2035 Term Treasury ETF (NASDAQ:IBTQ) Sees Large Growth in Short Interest

iShares iBonds Dec 2035 Term Treasury ETF (NASDAQ:IBTQ) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 44,497 shares, a growth of 986.1% from the December 15th total of 4,097 shares. Based on an average daily volume of 69,327 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.1% of the company’s stock are short sold. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 69,327 shares, the days-to-cover ratio is currently 0.6 days.

iShares iBonds Dec 2035 Term Treasury ETF Stock Down 0.1%

IBTQ stock traded down $0.03 on Monday, hitting $25.49. 23,919 shares of the company’s stock were exchanged, compared to its average volume of 21,660. The firm has a 50 day moving average price of $25.58 and a two-hundred day moving average price of $25.44. iShares iBonds Dec 2035 Term Treasury ETF has a 12-month low of $24.56 and a 12-month high of $26.00.

iShares iBonds Dec 2035 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a dividend of $0.0687 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 3.2%.

Hedge Funds Weigh In On iShares iBonds Dec 2035 Term Treasury ETF

Several institutional investors and hedge funds have recently modified their holdings of IBTQ. Confluence Investment Management LLC purchased a new position in iShares iBonds Dec 2035 Term Treasury ETF during the third quarter worth approximately $22,624,000. Flow Traders U.S. LLC acquired a new position in iShares iBonds Dec 2035 Term Treasury ETF during the third quarter worth about $603,000. Finally, Reliant Wealth Planning purchased a new stake in shares of iShares iBonds Dec 2035 Term Treasury ETF in the third quarter valued at approximately $393,000.

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.