Short Interest in iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Grows By 175.7%

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 42,606 shares, a growth of 175.7% from the August 15th total of 15,455 shares. Based on an average daily volume of 50,238 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the company’s shares are short sold.

iShares iBonds Dec 2034 Term Treasury ETF Price Performance

Shares of NASDAQ IBTP opened at $24.45 on Tuesday. iShares iBonds Dec 2034 Term Treasury ETF has a 52-week low of $24.42 and a 52-week high of $26.32. The business’s 50 day moving average is $24.98 and its two-hundred day moving average is $25.32.

iShares iBonds Dec 2034 Term Treasury ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.0871 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, September 1st.

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

Hedge funds have recently bought and sold shares of the company. Confluence Investment Management LLC increased its stake in iShares iBonds Dec 2034 Term Treasury ETF by 5.0% during the second 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 period. Dearborn Partners LLC purchased a new position in shares of iShares iBonds Dec 2034 Term Treasury ETF in the fourth quarter valued at approximately $206,000. Finally, Atlantic Private Wealth LLC boosted its stake in shares of iShares iBonds Dec 2034 Term Treasury ETF by 7.2% in the fourth 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.

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.