Short Interest in iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Drops By 77.7%

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 15,455 shares, a drop of 77.7% from the July 30th total of 69,322 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 46,353 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp lifted its stake 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. Confluence Investment Management LLC increased its stake 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 purchasing an additional 45,923 shares during the last quarter. United Capital Financial Advisors LLC increased its stake in shares of 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 worth $1,562,000 after purchasing an additional 18,300 shares during the last quarter. Atlantic Private Wealth LLC raised its holdings in shares of iShares iBonds Dec 2034 Term Treasury ETF by 7.2% in the 4th 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 period. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares iBonds Dec 2034 Term Treasury ETF in the 3rd quarter valued at about $389,000.

iShares iBonds Dec 2034 Term Treasury ETF Stock Down 0.4%

Shares of NASDAQ:IBTP traded down $0.11 during trading on Friday, hitting $24.94. 56,408 shares of the company were exchanged, compared to its average volume of 50,256. iShares iBonds Dec 2034 Term Treasury ETF has a fifty-two week low of $24.92 and a fifty-two week high of $26.32. The firm has a fifty day moving average price of $25.12 and a two-hundred day moving average price of $25.43.

iShares iBonds Dec 2034 Term Treasury ETF Increases Dividend

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

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.