iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Short Interest Update

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 443,410 shares, an increase of 67.8% from the July 30th total of 264,287 shares. Based on an average daily volume of 527,662 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the company’s stock are short sold.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Reliant Wealth Planning grew its position in iShares iBonds Dec 2028 Term Treasury ETF by 0.7% in the fourth quarter. Reliant Wealth Planning now owns 91,608 shares of the company’s stock worth $2,049,000 after acquiring an additional 616 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 4.3% in the 1st quarter. Pinnacle Bancorp Inc. now owns 16,163 shares of the company’s stock valued at $360,000 after purchasing an additional 671 shares during the last quarter. Towne Trust Company N.A lifted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 9.7% in the 1st quarter. Towne Trust Company N.A now owns 12,400 shares of the company’s stock valued at $276,000 after purchasing an additional 1,100 shares during the last quarter. Ascentis Independent Advisors bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the first quarter worth $33,000. Finally, Titleist Asset Management LLC boosted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 0.8% in the fourth quarter. Titleist Asset Management LLC now owns 300,987 shares of the company’s stock worth $6,732,000 after purchasing an additional 2,282 shares in the last quarter.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

NASDAQ:IBTI remained flat at $22.08 during trading hours on Monday. The company had a trading volume of 466,676 shares, compared to its average volume of 411,216. The stock has a fifty day moving average price of $22.09 and a two-hundred day moving average price of $22.19. iShares iBonds Dec 2028 Term Treasury ETF has a 52-week low of $22.03 and a 52-week high of $22.49.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a $0.0694 dividend. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, August 3rd. This is a positive change from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07.

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.