Short Interest in iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Declines By 43.0%

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 183,432 shares, a decline of 43.0% from the June 30th total of 321,887 shares. Based on an average daily volume of 231,060 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC lifted its position in iShares iBonds Dec 2031 Term Treasury ETF by 3.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 26,370 shares of the company’s stock worth $536,000 after buying an additional 822 shares in the last quarter. Bogart Wealth LLC boosted its position in iShares iBonds Dec 2031 Term Treasury ETF by 62.6% during the fourth quarter. Bogart Wealth LLC now owns 3,591 shares of the company’s stock valued at $74,000 after purchasing an additional 1,383 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in iShares iBonds Dec 2031 Term Treasury ETF in the fourth quarter valued at about $38,000. Reliant Wealth Planning increased its position in iShares iBonds Dec 2031 Term Treasury ETF by 16.8% in the 4th quarter. Reliant Wealth Planning now owns 16,898 shares of the company’s stock worth $347,000 after purchasing an additional 2,428 shares during the last quarter. Finally, McIlrath & Eck LLC purchased a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the 1st quarter worth about $52,000.

iShares iBonds Dec 2031 Term Treasury ETF Stock Performance

Shares of iShares iBonds Dec 2031 Term Treasury ETF stock traded down $0.03 during midday trading on Wednesday, hitting $20.00. The company’s stock had a trading volume of 71,318 shares, compared to its average volume of 183,252. iShares iBonds Dec 2031 Term Treasury ETF has a 1-year low of $19.93 and a 1-year high of $20.81. The stock has a 50-day simple moving average of $20.10 and a 200-day simple moving average of $20.32.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.0618 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

iShares iBonds Dec 2031 Term Treasury ETF Company Profile

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.