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 target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 83,279 shares, a growth of 95.5% from the August 31st total of 42,606 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 161,197 shares, the days-to-cover ratio is currently 0.5 days.

iShares iBonds Dec 2034 Term Treasury ETF Trading Down 0.2%

Shares of NASDAQ IBTP opened at $24.04 on Thursday. The firm’s 50-day moving average price is $24.78 and its 200-day moving average price is $25.18. iShares iBonds Dec 2034 Term Treasury ETF has a 1-year low of $24.01 and a 1-year high of $26.32.

iShares iBonds Dec 2034 Term Treasury ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.0871 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.05 annualized dividend and a yield of 4.3%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBTP. Confluence Investment Management LLC boosted its stake in iShares iBonds Dec 2034 Term Treasury ETF by 5.0% during the 2nd 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 during the last quarter. Atlantic Private Wealth LLC grew its holdings 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 buying an additional 15,687 shares in the last quarter. Finally, Dearborn Partners LLC purchased a new stake in 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.