iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Short Interest Up 197.3% in June

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 273,802 shares, an increase of 197.3% from the June 15th total of 92,091 shares. Based on an average trading volume of 234,661 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the company’s stock are sold short.

iShares iBonds Dec 2029 Term Treasury ETF Stock Down 0.1%

iShares iBonds Dec 2029 Term Treasury ETF stock traded down $0.03 during midday trading on Monday, hitting $21.53. 195,722 shares of the company’s stock were exchanged, compared to its average volume of 281,734. The firm has a 50-day moving average of $21.63 and a two-hundred day moving average of $21.81. iShares iBonds Dec 2029 Term Treasury ETF has a 12 month low of $21.52 and a 12 month high of $22.13.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.0669 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Treasury ETF

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in iShares iBonds Dec 2029 Term Treasury ETF by 4.9% in the 1st quarter. Parallel Advisors LLC now owns 149,253 shares of the company’s stock worth $3,260,000 after acquiring an additional 7,024 shares during the last quarter. NewEdge Advisors LLC grew its stake in iShares iBonds Dec 2029 Term Treasury ETF by 6.5% during the 1st quarter. NewEdge Advisors LLC now owns 454,037 shares of the company’s stock valued at $9,918,000 after purchasing an additional 27,825 shares during the last quarter. Reliant Wealth Planning increased its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 8.1% in the first quarter. Reliant Wealth Planning now owns 60,419 shares of the company’s stock valued at $1,320,000 after purchasing an additional 4,544 shares during the period. Basepoint Wealth LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF in the first quarter worth about $44,000. Finally, Koss Olinger Consulting LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF in the first quarter worth about $280,000.

About iShares iBonds Dec 2029 Term Treasury ETF

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.