iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Significant Growth in Short Interest

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 273,802 shares, a growth of 197.3% from the June 15th total of 92,091 shares. Based on an average daily trading volume, of 234,661 shares, the short-interest ratio is presently 1.2 days. Currently, 0.5% of the shares of the company are sold short.

iShares iBonds Dec 2029 Term Treasury ETF Trading Up 0.1%

Shares of NASDAQ:IBTJ traded up $0.02 during trading on Wednesday, hitting $21.59. 23,090 shares of the company were exchanged, compared to its average volume of 279,444. The stock has a 50 day moving average of $21.62 and a 200 day moving average of $21.80. iShares iBonds Dec 2029 Term Treasury ETF has a 52-week low of $21.52 and a 52-week high of $22.13.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.0669 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, July 1st.

Institutional Trading of iShares iBonds Dec 2029 Term Treasury ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in iShares iBonds Dec 2029 Term Treasury ETF by 713.5% in the 3rd quarter. NewEdge Advisors LLC now owns 386,300 shares of the company’s stock worth $8,481,000 after purchasing an additional 338,814 shares in the last quarter. United Capital Financial Advisors LLC grew its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 65.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 805,137 shares of the company’s stock valued at $17,677,000 after purchasing an additional 318,717 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 188.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 177,997 shares of the company’s stock valued at $3,890,000 after purchasing an additional 116,250 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF in the fourth quarter worth $2,152,000. Finally, Janney Montgomery Scott LLC raised its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 59.2% in the first quarter. Janney Montgomery Scott LLC now owns 254,141 shares of the company’s stock worth $5,551,000 after buying an additional 94,538 shares in the last quarter.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

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.