iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Large Drop in Short Interest

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 197,959 shares, a drop of 37.0% from the May 14th total of 314,235 shares. Based on an average daily volume of 347,754 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ascentis Independent Advisors acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 1st quarter valued at $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter valued at $48,000. Blue Square Asset Management LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter valued at $250,000. Towne Trust Company N.A grew its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 101.8% during the 4th quarter. Towne Trust Company N.A now owns 11,300 shares of the company’s stock valued at $253,000 after buying an additional 5,700 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter valued at $269,000.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

Shares of NASDAQ IBTI remained flat at $22.14 during midday trading on Wednesday. 67,356 shares of the company traded hands, compared to its average volume of 381,048. iShares iBonds Dec 2028 Term Treasury ETF has a 12-month low of $22.06 and a 12-month high of $22.49. The firm has a fifty day simple moving average of $22.18 and a 200-day simple moving average of $22.29.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a $0.0703 dividend. This is an increase from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, June 1st.

About iShares iBonds Dec 2028 Term Treasury ETF

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.