iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Large Decrease in Short Interest

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 160,864 shares, a decrease of 46.9% from the August 31st total of 302,731 shares. Based on an average daily trading volume, of 270,995 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

iShares iBonds Dec 2029 Term Treasury ETF Trading Down 0.1%

IBTJ traded down $0.03 during trading hours on Thursday, hitting $21.20. The stock had a trading volume of 126,477 shares, compared to its average volume of 292,533. iShares iBonds Dec 2029 Term Treasury ETF has a 1 year low of $21.16 and a 1 year high of $22.13. The company’s fifty day simple moving average is $21.45 and its 200 day simple moving average is $21.61.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be paid a dividend of $0.0668 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Thursday, October 1st. This is a decrease from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.0695.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. increased its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 14.9% during the first quarter. Pinnacle Bancorp Inc. now owns 5,277 shares of the company’s stock valued at $115,000 after buying an additional 683 shares during the period. Basepoint Wealth LLC purchased a new position in iShares iBonds Dec 2029 Term Treasury ETF during the first quarter valued at approximately $44,000. Reliant Wealth Planning increased its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 8.1% during the 1st quarter. Reliant Wealth Planning now owns 60,419 shares of the company’s stock worth $1,320,000 after acquiring an additional 4,544 shares during the period. Parallel Advisors LLC increased its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 3.7% during the 4th quarter. Parallel Advisors LLC now owns 142,229 shares of the company’s stock worth $3,121,000 after acquiring an additional 5,115 shares during the period. Finally, Koss Olinger Consulting LLC purchased a new stake in iShares iBonds Dec 2029 Term Treasury ETF in the 1st quarter worth approximately $280,000.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.