iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Shares Shorted: Short Interest Up 109.3% in October

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 582,993 shares, an increase of 109.3% from the September 30th total of 278,550 shares. Based on an average daily volume of 766,902 shares, the short-interest ratio is presently 0.8 days. Currently, 0.9% of the company’s stock are short sold.

iShares iBonds Dec 2030 Term Treasury ETF Trading Up 0.3%

Shares of NASDAQ IBTK traded up $0.06 during trading hours on Friday, hitting $19.23. The stock had a trading volume of 289,827 shares, compared to its average volume of 317,843. The firm’s 50-day moving average price is $19.14 and its two-hundred day moving average price is $19.51. iShares iBonds Dec 2030 Term Treasury ETF has a 52 week low of $18.91 and a 52 week high of $20.07.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.0591 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.7%. This is a negative change from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0619.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in iShares iBonds Dec 2030 Term Treasury ETF by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock worth $9,863,000 after acquiring an additional 30,944 shares during the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the third quarter valued at about $9,589,000. Confluence Investment Management LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the third quarter valued at about $5,893,000. Rebalance LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the third quarter valued at about $5,776,000. Finally, Heartland Bank & Trust Co bought a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF in the second quarter worth about $4,286,000.

About iShares iBonds Dec 2030 Term Treasury ETF

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.