iShares iBonds Dec 2044 Term Treasury ETF (NASDAQ:IBGA) Sees Significant Growth in Short Interest

iShares iBonds Dec 2044 Term Treasury ETF (NASDAQ:IBGA) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 9,954 shares, a growth of 74.3% from the September 30th total of 5,710 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,131 shares, the days-to-cover ratio is presently 0.3 days.

iShares iBonds Dec 2044 Term Treasury ETF Stock Down 0.6%

Shares of iShares iBonds Dec 2044 Term Treasury ETF stock opened at $23.14 on Wednesday. The company has a 50 day moving average of $22.98 and a 200-day moving average of $24.01. iShares iBonds Dec 2044 Term Treasury ETF has a 1-year low of $22.04 and a 1-year high of $25.58.

iShares iBonds Dec 2044 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be paid a $0.0950 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 4.9%. This is a negative change from iShares iBonds Dec 2044 Term Treasury ETF’s previous monthly dividend of $0.1055. The ex-dividend date of this dividend is Monday, November 2nd.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares iBonds Dec 2044 Term Treasury ETF stock. NewEdge Advisors LLC bought a new position in shares of iShares iBonds Dec 2044 Term Treasury ETF (NASDAQ:IBGA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,116 shares of the company’s stock, valued at approximately $52,000.

iShares iBonds Dec 2044 Term Treasury ETF Company Profile

The iShares iBonds Dec 2044 Term Treasury ETF (IBGA) is an exchange-traded fund that is based on the ICE 2044 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2044. The fund will terminate in December 2044. IBGA was launched on Jun 11, 2024 and is issued by BlackRock.