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 significant 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. Based on an average daily volume of 125,973 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in iShares iBonds Dec 2034 Term Treasury ETF stock. Confluence Investment Management LLC bought a new stake in iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 938,069 shares of the company’s stock, valued at approximately $22,550,000. Confluence Investment Management LLC owned 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 Trading Up 0.5%

Shares of NASDAQ IBTP traded up $0.12 during mid-day trading on Friday, reaching $24.65. The company had a trading volume of 92,544 shares, compared to its average volume of 67,851. The firm has a 50 day simple moving average of $24.44 and a two-hundred day simple moving average of $25.22. iShares iBonds Dec 2034 Term Treasury ETF has a 52-week low of $23.89 and a 52-week high of $26.32.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

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

iShares iBonds Dec 2034 Term Treasury ETF Company Profile

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.