iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Short Interest Up 163.9% in March

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTPGet Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 9,500 shares, a growth of 163.9% from the March 15th total of 3,600 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 56,400 shares, the days-to-cover ratio is presently 0.2 days.

iShares iBonds Dec 2034 Term Treasury ETF Stock Performance

NASDAQ:IBTP traded up $0.11 during trading hours on Wednesday, hitting $25.51. The company had a trading volume of 284,984 shares, compared to its average volume of 30,835. iShares iBonds Dec 2034 Term Treasury ETF has a 52 week low of $24.43 and a 52 week high of $26.97. The stock has a 50-day moving average price of $25.41 and a 200 day moving average price of $25.31.

iShares iBonds Dec 2034 Term Treasury ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.0869 per share. This is an increase from iShares iBonds Dec 2034 Term Treasury ETF’s previous dividend of $0.08. The ex-dividend date of this dividend was Tuesday, April 1st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Confluence Investment Management LLC purchased a new position in iShares iBonds Dec 2034 Term Treasury ETF during the first quarter valued at $16,972,000. Atlantic Union Bankshares Corp raised its holdings in shares of iShares iBonds Dec 2034 Term Treasury ETF by 13.8% during the 4th quarter. Atlantic Union Bankshares Corp now owns 548,785 shares of the company’s stock worth $13,620,000 after acquiring an additional 66,344 shares in the last quarter. Finally, AllSquare Wealth Management LLC bought a new position in iShares iBonds Dec 2034 Term Treasury ETF during the fourth quarter valued at $44,000.

About iShares iBonds Dec 2034 Term Treasury ETF

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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.

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