iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Sees Large Growth in Short Interest

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 42,606 shares, a growth of 175.7% from the August 15th total of 15,455 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 50,238 shares, the short-interest ratio is currently 0.8 days.

iShares iBonds Dec 2034 Term Treasury ETF Price Performance

IBTP stock opened at $24.48 on Friday. iShares iBonds Dec 2034 Term Treasury ETF has a 12 month low of $24.47 and a 12 month high of $26.32. The company’s 50-day moving average price is $24.99 and its two-hundred day moving average price is $25.34.

iShares iBonds Dec 2034 Term Treasury ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a dividend of $0.0871 per share. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.3%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Confluence Investment Management LLC raised its position in iShares iBonds Dec 2034 Term Treasury ETF by 5.0% during the second quarter. Confluence Investment Management LLC now owns 965,101 shares of the company’s stock valued at $24,499,000 after purchasing an additional 45,923 shares in the last quarter. Atlantic Private Wealth LLC lifted its stake in iShares iBonds Dec 2034 Term Treasury ETF by 7.2% during the fourth quarter. Atlantic Private Wealth LLC now owns 234,732 shares of the company’s stock worth $6,058,000 after purchasing an additional 15,687 shares during the last quarter. United Capital Financial Advisors LLC boosted its holdings in shares of iShares iBonds Dec 2034 Term Treasury ETF by 43.6% in the 3rd quarter. United Capital Financial Advisors LLC now owns 60,275 shares of the company’s stock valued at $1,562,000 after purchasing an additional 18,300 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of iShares iBonds Dec 2034 Term Treasury ETF in the 3rd quarter valued at $389,000. Finally, Dearborn Partners LLC bought a new position in shares of iShares iBonds Dec 2034 Term Treasury ETF in the 4th quarter valued at $206,000.

iShares iBonds Dec 2034 Term Treasury ETF Company Profile

The iShares iBonds Dec 2034 Term Treasury ETF (IBTP) is an exchange-traded fund that is based on the ICE 2034 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2034. The fund will terminate in December 2034. IBTP was launched on Jun 11, 2024 and is issued by BlackRock.