iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Short Interest Down 47.0% in June

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 92,091 shares, a decline of 47.0% from the May 31st total of 173,753 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 297,270 shares, the days-to-cover ratio is presently 0.3 days.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

Shares of NASDAQ:IBTJ traded down $0.08 during mid-day trading on Wednesday, reaching $21.57. The stock had a trading volume of 178,321 shares, compared to its average volume of 274,805. The firm has a 50 day simple moving average of $21.67 and a two-hundred day simple moving average of $21.83. iShares iBonds Dec 2029 Term Treasury ETF has a twelve month low of $21.54 and a twelve month high of $22.13.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.0689 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.8%.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Treasury ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IBTJ. Basepoint Wealth LLC bought a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF in the 1st quarter valued at $44,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares iBonds Dec 2029 Term Treasury ETF during the 4th quarter worth $48,000. High Note Wealth LLC bought a new position in iShares iBonds Dec 2029 Term Treasury ETF during the fourth quarter worth about $61,000. Pinnacle Bancorp Inc. lifted its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 14.9% during the first quarter. Pinnacle Bancorp Inc. now owns 5,277 shares of the company’s stock worth $115,000 after acquiring an additional 683 shares in the last quarter. Finally, Towne Trust Company N.A grew its stake in iShares iBonds Dec 2029 Term Treasury ETF by 1,105.1% in the fourth quarter. Towne Trust Company N.A now owns 8,436 shares of the company’s stock valued at $185,000 after acquiring an additional 7,736 shares during the period.

About iShares iBonds Dec 2029 Term Treasury ETF

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.