iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Stock Short Interest Drops 69.0%

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 11,684 shares, a decrease of 69.0% from the October 15th total of 37,709 shares. Based on an average daily volume of 179,782 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

iShares iBonds Dec 2034 Term Treasury ETF Stock Performance

NASDAQ IBTP traded down $0.03 during mid-day trading on Friday, hitting $24.25. The company’s stock had a trading volume of 49,753 shares, compared to its average volume of 68,275. The company’s 50 day simple moving average is $24.37 and its 200 day simple moving average is $25.17. iShares iBonds Dec 2034 Term Treasury ETF has a twelve month low of $23.89 and a twelve month high of $26.32.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a dividend of $0.0816 per share. The ex-dividend date was Monday, November 2nd. This is a negative change from iShares iBonds Dec 2034 Term Treasury ETF’s previous monthly dividend of $0.0830. This represents a $0.98 annualized dividend and a yield of 4.0%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in iShares iBonds Dec 2034 Term Treasury ETF stock. Confluence Investment Management LLC bought a new position in shares of iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 938,069 shares of the company’s stock, valued at approximately $22,550,000. Confluence Investment Management LLC owned approximately 7.16% of iShares iBonds Dec 2034 Term Treasury ETF at the end of the most recent reporting period.

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.