iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) Sees Significant Growth in Short Interest

iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 176,100 shares, an increase of 26.1% from the March 15th total of 139,600 shares. Based on an average daily volume of 413,500 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

iShares iBonds Dec 2027 Term Treasury ETF Price Performance

Shares of NASDAQ:IBTH traded up $0.03 during midday trading on Monday, reaching $22.49. The company had a trading volume of 289,832 shares, compared to its average volume of 298,695. iShares iBonds Dec 2027 Term Treasury ETF has a 52-week low of $21.79 and a 52-week high of $22.70. The company’s 50 day moving average price is $22.36 and its 200 day moving average price is $22.28.

iShares iBonds Dec 2027 Term Treasury ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.0759 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.91 annualized dividend and a dividend yield of 4.05%. This is a positive change from iShares iBonds Dec 2027 Term Treasury ETF’s previous monthly dividend of $0.07.

Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Treasury ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hills Bank & Trust Co grew its stake in shares of iShares iBonds Dec 2027 Term Treasury ETF by 8.6% during the 4th quarter. Hills Bank & Trust Co now owns 9,900 shares of the company’s stock worth $220,000 after acquiring an additional 784 shares during the period. Horizons Wealth Management raised its position in shares of iShares iBonds Dec 2027 Term Treasury ETF by 2.6% in the first quarter. Horizons Wealth Management now owns 40,248 shares of the company’s stock valued at $902,000 after purchasing an additional 1,036 shares during the period. Lowe Wealth Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF during the 1st quarter valued at approximately $29,000. Pinnacle Bancorp Inc. grew its stake in iShares iBonds Dec 2027 Term Treasury ETF by 7.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 19,110 shares of the company’s stock valued at $424,000 after buying an additional 1,350 shares in the last quarter. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF during the first quarter worth $40,000.

iShares iBonds Dec 2027 Term Treasury ETF Company Profile

The iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is an exchange-traded fund that is based on the ICE 2027 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2027. The fund will terminate in December 2027. IBTH was launched on Feb 25, 2020 and is managed by BlackRock.