iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Shares Shorted: Short Interest Down 48.2% in October

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 37,709 shares, a drop of 48.2% from the September 30th total of 72,832 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 125,973 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of iShares iBonds Dec 2034 Term Treasury ETF

An institutional investor recently bought a new position in iShares iBonds Dec 2034 Term Treasury ETF stock. Confluence Investment Management LLC purchased a new position in shares of iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 938,069 shares of the company’s stock, valued at approximately $22,550,000. Confluence Investment Management LLC owned approximately 7.16% of iShares iBonds Dec 2034 Term Treasury ETF at the end of the most recent reporting period.

iShares iBonds Dec 2034 Term Treasury ETF Stock Up 0.5%

NASDAQ:IBTP traded up $0.12 during trading hours on Friday, reaching $24.65. 92,544 shares of the stock were exchanged, compared to its average volume of 67,851. The business has a 50-day moving average of $24.44 and a two-hundred day moving average of $25.22. iShares iBonds Dec 2034 Term Treasury ETF has a twelve month low of $23.89 and a twelve month high of $26.32.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.0830 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.0%. This is a drop from iShares iBonds Dec 2034 Term Treasury ETF’s previous monthly dividend of $0.0871. The ex-dividend date was Thursday, October 1st.

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.