iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Short Interest Up 241.4% in January

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 31,830 shares, an increase of 241.4% from the December 31st total of 9,323 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 40,617 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 40,617 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IBTP. Atlantic Union Bankshares Corp lifted its stake in shares of iShares iBonds Dec 2034 Term Treasury ETF by 8.7% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 789,078 shares of the company’s stock valued at $20,283,000 after acquiring an additional 63,360 shares during the last quarter. United Capital Financial Advisors LLC grew its position in iShares iBonds Dec 2034 Term Treasury ETF by 43.6% during the 3rd quarter. United Capital Financial Advisors LLC now owns 60,275 shares of the company’s stock worth $1,562,000 after acquiring an additional 18,300 shares during the last quarter. Confluence Investment Management LLC increased its stake in iShares iBonds Dec 2034 Term Treasury ETF by 11.4% in the 4th quarter. Confluence Investment Management LLC now owns 716,175 shares of the company’s stock worth $18,484,000 after purchasing an additional 73,471 shares during the period. Flow Traders U.S. LLC bought a new stake in iShares iBonds Dec 2034 Term Treasury ETF in the third quarter valued at approximately $389,000. Finally, Thoroughbred Financial Services LLC bought a new stake in iShares iBonds Dec 2034 Term Treasury ETF in the third quarter valued at approximately $233,000.

iShares iBonds Dec 2034 Term Treasury ETF Trading Down 0.0%

Shares of IBTP stock traded down $0.01 during trading hours on Wednesday, hitting $25.74. 70,900 shares of the company’s stock were exchanged, compared to its average volume of 69,278. iShares iBonds Dec 2034 Term Treasury ETF has a 12-month low of $24.74 and a 12-month high of $26.26. The business’s 50 day simple moving average is $25.89 and its 200-day simple moving average is $25.85.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a $0.0893 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, December 19th.

About iShares iBonds Dec 2034 Term Treasury ETF

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.