iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Sees Significant Drop in Short Interest

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 31,805 shares, a decline of 77.7% from the May 31st total of 142,840 shares. Based on an average daily trading volume, of 120,146 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

iShares iBonds Dec 2032 Term Treasury ETF Trading Up 0.2%

Shares of NASDAQ:IBTM traded up $0.05 during trading on Friday, hitting $22.78. 58,300 shares of the company were exchanged, compared to its average volume of 134,650. The stock has a 50 day moving average of $22.70 and a 200 day moving average of $22.94. iShares iBonds Dec 2032 Term Treasury ETF has a 52-week low of $22.43 and a 52-week high of $23.46.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a dividend of $0.0756 per share. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IBTM. Crews Bank & Trust purchased a new position in iShares iBonds Dec 2032 Term Treasury ETF during the 4th quarter valued at about $25,000. Bogart Wealth LLC purchased a new stake in shares of iShares iBonds Dec 2032 Term Treasury ETF in the fourth quarter worth about $41,000. McIlrath & Eck LLC purchased a new stake in shares of iShares iBonds Dec 2032 Term Treasury ETF in the first quarter worth about $73,000. Rebalance LLC bought a new position in shares of iShares iBonds Dec 2032 Term Treasury ETF in the fourth quarter valued at approximately $224,000. Finally, Integrated Wealth Concepts LLC boosted its position in shares of iShares iBonds Dec 2032 Term Treasury ETF by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 22,407 shares of the company’s stock valued at $518,000 after acquiring an additional 780 shares during the period.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.