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

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 59,378 shares, an increase of 89.4% from the May 31st total of 31,357 shares. Based on an average trading volume of 51,398 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Trading of iShares iBonds Dec 2034 Term Treasury ETF

A number of institutional investors have recently modified their holdings of IBTP. Atlantic Union Bankshares Corp raised its holdings in shares of iShares iBonds Dec 2034 Term Treasury ETF by 32.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 1,272,993 shares of the company’s stock valued at $32,855,000 after buying an additional 313,063 shares during the period. Confluence Investment Management LLC lifted its stake in shares of iShares iBonds Dec 2034 Term Treasury ETF by 5.0% in the second quarter. Confluence Investment Management LLC now owns 965,101 shares of the company’s stock worth $24,499,000 after acquiring an additional 45,923 shares in the last quarter. Atlantic Private Wealth LLC boosted its holdings in iShares iBonds Dec 2034 Term Treasury ETF by 7.2% in the fourth quarter. Atlantic Private Wealth LLC now owns 234,732 shares of the company’s stock valued at $6,058,000 after purchasing an additional 15,687 shares during the last quarter. United Capital Financial Advisors LLC grew its stake in iShares iBonds Dec 2034 Term Treasury ETF by 43.6% during the 3rd quarter. United Capital Financial Advisors LLC now owns 60,275 shares of the company’s stock valued at $1,562,000 after purchasing an additional 18,300 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares iBonds Dec 2034 Term Treasury ETF in the 3rd quarter valued at approximately $389,000.

iShares iBonds Dec 2034 Term Treasury ETF Trading Up 0.0%

IBTP stock traded up $0.01 during trading on Friday, hitting $25.28. The stock had a trading volume of 48,594 shares, compared to its average volume of 50,515. The company’s 50 day moving average price is $25.34 and its two-hundred day moving average price is $25.64. iShares iBonds Dec 2034 Term Treasury ETF has a 1-year low of $24.98 and a 1-year high of $26.32.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st will be paid a $0.0855 dividend. The ex-dividend date of this dividend is Wednesday, July 1st.

About iShares iBonds Dec 2034 Term Treasury ETF

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.