iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Short Interest Up 47.7% in March

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 235,499 shares, a growth of 47.7% from the March 15th total of 159,414 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 442,693 shares, the short-interest ratio is presently 0.5 days.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

IBTI stock traded up $0.01 during mid-day trading on Tuesday, reaching $22.26. The company had a trading volume of 280,273 shares, compared to its average volume of 401,891. The firm has a 50 day moving average of $22.32 and a 200 day moving average of $22.36. iShares iBonds Dec 2028 Term Treasury ETF has a 12 month low of $22.09 and a 12 month high of $22.49.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.0689 per share. This is a boost from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, April 1st.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. High Note Wealth LLC bought a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the third quarter valued at approximately $29,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter valued at approximately $48,000. Horizons Wealth Management boosted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 115.0% during the third quarter. Horizons Wealth Management now owns 3,331 shares of the company’s stock valued at $75,000 after purchasing an additional 1,782 shares in the last quarter. OLD Point Trust & Financial Services N A boosted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 166.7% during the third quarter. OLD Point Trust & Financial Services N A now owns 5,600 shares of the company’s stock valued at $125,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Blue Square Asset Management LLC bought a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter valued at approximately $250,000.

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.