iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) Stock Short Interest Declines 40.5%

iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 321,354 shares, a drop of 40.5% from the August 31st total of 539,706 shares. Based on an average daily trading volume, of 581,285 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares iBonds Dec 2027 Term Treasury ETF

Hedge funds have recently modified their holdings of the company. NBH Bank purchased a new position in iShares iBonds Dec 2027 Term Treasury ETF during the second quarter worth about $61,000. Compass Financial Management LLC acquired a new position in iShares iBonds Dec 2027 Term Treasury ETF in the 2nd quarter valued at about $48,000. Reliant Wealth Planning grew its stake in shares of iShares iBonds Dec 2027 Term Treasury ETF by 0.7% in the 1st quarter. Reliant Wealth Planning now owns 66,696 shares of the company’s stock valued at $1,496,000 after buying an additional 489 shares during the period. Atlantic Private Wealth LLC grew its stake in shares of iShares iBonds Dec 2027 Term Treasury ETF by 6.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 209,413 shares of the company’s stock valued at $4,697,000 after buying an additional 13,608 shares during the period. Finally, Basepoint Wealth LLC acquired a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF during the 1st quarter worth approximately $400,000.

iShares iBonds Dec 2027 Term Treasury ETF Price Performance

NASDAQ IBTH opened at $22.32 on Wednesday. The stock’s fifty day moving average is $22.33 and its two-hundred day moving average is $22.36. iShares iBonds Dec 2027 Term Treasury ETF has a fifty-two week low of $22.29 and a fifty-two week high of $22.55.

iShares iBonds Dec 2027 Term Treasury ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.0695 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.83 annualized dividend and a dividend yield of 3.7%.

About iShares iBonds Dec 2027 Term Treasury ETF

The iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is an exchange-traded fund that is based on the ICE 2027 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2027. The fund will terminate in December 2027. IBTH was launched on Feb 25, 2020 and is managed by BlackRock.