iShares iBonds Dec 2035 Term Treasury ETF (NASDAQ:IBTQ) Short Interest Up 177.5% in July

iShares iBonds Dec 2035 Term Treasury ETF (NASDAQ:IBTQ) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 81,764 shares, an increase of 177.5% from the June 30th total of 29,466 shares. Based on an average daily volume of 30,771 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.8% of the company’s shares are short sold.

Institutional Trading of iShares iBonds Dec 2035 Term Treasury ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC bought a new stake in iShares iBonds Dec 2035 Term Treasury ETF in the 3rd quarter worth $603,000. Atlantic Private Wealth LLC purchased a new position in shares of iShares iBonds Dec 2035 Term Treasury ETF in the fourth quarter worth $86,000. Finally, Confluence Investment Management LLC boosted its holdings in iShares iBonds Dec 2035 Term Treasury ETF by 29.3% in the second quarter. Confluence Investment Management LLC now owns 1,044,548 shares of the company’s stock worth $26,202,000 after purchasing an additional 236,662 shares during the last quarter.

iShares iBonds Dec 2035 Term Treasury ETF Price Performance

Shares of IBTQ stock traded up $0.06 on Monday, reaching $24.72. 392,273 shares of the company were exchanged, compared to its average volume of 71,056. The company has a 50-day moving average of $24.91 and a 200-day moving average of $25.22. iShares iBonds Dec 2035 Term Treasury ETF has a one year low of $24.59 and a one year high of $26.00.

iShares iBonds Dec 2035 Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.0843 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

About iShares iBonds Dec 2035 Term Treasury ETF

iShares Trust – iShares iBonds Dec 2035 Term Treasury ETF is an exchange traded fund launched by BlackRock, Inc The fund is managed by BlackRock Fund Advisors. It invests in fixed income markets of the United States. The fund invests in in U.S. treasury bonds that have a fixed coupon schedule and are denominated in U.S. dollars. It invests in bonds that will mature between January 1, 2035 and December 15, 2035. The fund seeks to track the performance of the ICE 2035 Maturity US Treasury Index, by using representative sampling technique.