Short Interest in iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Expands By 173.6%

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 321,887 shares, a growth of 173.6% from the June 15th total of 117,658 shares. Based on an average daily trading volume, of 338,981 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in iShares iBonds Dec 2031 Term Treasury ETF by 9,036.6% in the 3rd quarter. NewEdge Advisors LLC now owns 542,072 shares of the company’s stock valued at $11,150,000 after buying an additional 536,139 shares during the period. Confluence Investment Management LLC increased its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 58.1% during the fourth quarter. Confluence Investment Management LLC now owns 469,677 shares of the company’s stock worth $9,640,000 after acquiring an additional 172,520 shares during the period. Ameriprise Financial Inc. increased its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 40.2% during the third quarter. Ameriprise Financial Inc. now owns 495,443 shares of the company’s stock worth $10,174,000 after acquiring an additional 141,988 shares during the period. United Capital Financial Advisors LLC raised its position in iShares iBonds Dec 2031 Term Treasury ETF by 64.5% in the 3rd quarter. United Capital Financial Advisors LLC now owns 224,705 shares of the company’s stock valued at $4,622,000 after purchasing an additional 88,097 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 67.8% in the first quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock worth $3,058,000 after acquiring an additional 60,597 shares during the last quarter.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

IBTL traded up $0.04 during mid-day trading on Wednesday, hitting $20.09. 144,319 shares of the stock were exchanged, compared to its average volume of 184,145. The firm’s fifty day moving average is $20.13 and its two-hundred day moving average is $20.36. iShares iBonds Dec 2031 Term Treasury ETF has a 1-year low of $19.99 and a 1-year high of $20.81.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.0618 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

iShares iBonds Dec 2031 Term Treasury ETF Company Profile

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.