iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Short Interest Up 178.5% in July

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 69,322 shares, a growth of 178.5% from the July 15th total of 24,895 shares. Based on an average trading volume of 56,940 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.6% of the company’s shares are short sold.

iShares iBonds Dec 2034 Term Treasury ETF Stock Down 0.3%

Shares of NASDAQ IBTP traded down $0.07 during trading on Friday, hitting $25.01. 37,471 shares of the company were exchanged, compared to its average volume of 50,322. The company has a fifty day moving average price of $25.17 and a 200-day moving average price of $25.48. iShares iBonds Dec 2034 Term Treasury ETF has a 12-month low of $24.92 and a 12-month high of $26.32.

iShares iBonds Dec 2034 Term Treasury ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were given a dividend of $0.0862 per share. The ex-dividend date was Monday, August 3rd. This is an increase from iShares iBonds Dec 2034 Term Treasury ETF’s previous dividend of $0.09.

Hedge Funds Weigh In On iShares iBonds Dec 2034 Term Treasury ETF

A number of institutional investors have recently bought and sold shares of IBTP. Confluence Investment Management LLC increased its holdings in shares of iShares iBonds Dec 2034 Term Treasury ETF by 5.0% during the 2nd quarter. Confluence Investment Management LLC now owns 965,101 shares of the company’s stock worth $24,499,000 after buying an additional 45,923 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in iShares iBonds Dec 2034 Term Treasury ETF by 32.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 1,272,993 shares of the company’s stock valued at $32,855,000 after acquiring an additional 313,063 shares during the last quarter. Atlantic Private Wealth LLC lifted 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 acquiring an additional 15,687 shares during the last quarter. Dearborn Partners LLC purchased a new position in iShares iBonds Dec 2034 Term Treasury ETF in the fourth quarter worth approximately $206,000. Finally, Flow Traders U.S. LLC purchased a new position in iShares iBonds Dec 2034 Term Treasury ETF in the third quarter worth approximately $389,000.

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.