Short Interest in iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Decreases By 77.7%

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 31,805 shares, a drop of 77.7% from the May 31st total of 142,840 shares. Based on an average daily trading volume, of 120,146 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

iShares iBonds Dec 2032 Term Treasury ETF Price Performance

Shares of IBTM stock traded down $0.01 during mid-day trading on Monday, hitting $22.77. The company had a trading volume of 59,629 shares, compared to its average volume of 134,004. The stock’s 50 day moving average price is $22.70 and its 200-day moving average price is $22.93. iShares iBonds Dec 2032 Term Treasury ETF has a 52-week low of $22.43 and a 52-week high of $23.46.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.0756 dividend. The ex-dividend date was Monday, June 1st.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Treasury ETF

A number of hedge funds have recently made changes to their positions in the company. Crews Bank & Trust purchased a new position in iShares iBonds Dec 2032 Term Treasury ETF during the 4th quarter valued at approximately $25,000. Bogart Wealth LLC purchased a new position in shares of iShares iBonds Dec 2032 Term Treasury ETF in the fourth quarter valued at $41,000. McIlrath & Eck LLC bought a new stake in iShares iBonds Dec 2032 Term Treasury ETF in the first quarter worth $73,000. Rebalance LLC purchased a new stake in iShares iBonds Dec 2032 Term Treasury ETF during the fourth quarter valued at $224,000. Finally, Integrated Wealth Concepts LLC raised its stake in iShares iBonds Dec 2032 Term Treasury ETF by 3.6% during the third quarter. Integrated Wealth Concepts LLC now owns 22,407 shares of the company’s stock valued at $518,000 after purchasing an additional 780 shares in the last quarter.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.