Short Interest in iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Drops By 13.1%

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 302,825 shares, a decrease of 13.1% from the December 31st total of 348,609 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 655,199 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 655,199 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are sold short.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

Shares of NASDAQ IBTI traded down $0.02 during trading hours on Tuesday, reaching $22.31. 95,987 shares of the stock were exchanged, compared to its average volume of 489,092. The stock’s fifty day simple moving average is $22.37 and its 200 day simple moving average is $22.37. iShares iBonds Dec 2028 Term Treasury ETF has a 52 week low of $21.83 and a 52 week high of $22.47.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be paid a $0.069 dividend. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.7%.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Several institutional investors have recently made changes to their positions in the stock. Strategic Blueprint LLC grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 90.7% during the 3rd quarter. Strategic Blueprint LLC now owns 236,232 shares of the company’s stock worth $5,288,000 after purchasing an additional 112,374 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 27.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 187,490 shares of the company’s stock valued at $4,192,000 after purchasing an additional 40,508 shares during the last quarter. Rebalance LLC raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 18.0% during the 3rd quarter. Rebalance LLC now owns 179,134 shares of the company’s stock worth $4,010,000 after buying an additional 27,291 shares in the last quarter. Montecito Bank & Trust bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 3rd quarter worth $1,289,000. Finally, Leavell Investment Management Inc. boosted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 37.5% in the second quarter. Leavell Investment Management Inc. now owns 87,123 shares of the company’s stock valued at $1,948,000 after buying an additional 23,749 shares in the last quarter.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.