iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Short Interest Down 18.1% in March

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTIGet Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 159,414 shares, a decrease of 18.1% from the February 26th total of 194,560 shares. Based on an average trading volume of 282,272 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IBTI. Strategic Blueprint LLC boosted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 90.7% in the 3rd quarter. Strategic Blueprint LLC now owns 236,232 shares of the company’s stock valued at $5,288,000 after purchasing an additional 112,374 shares during the last quarter. Montecito Bank & Trust acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 3rd quarter worth approximately $1,289,000. Rebalance LLC raised its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 18.0% during the third quarter. Rebalance LLC now owns 179,134 shares of the company’s stock worth $4,010,000 after buying an additional 27,291 shares during the last quarter. Horizons Wealth Management raised its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 1,421.6% during the fourth quarter. Horizons Wealth Management now owns 50,686 shares of the company’s stock worth $1,134,000 after buying an additional 47,355 shares during the last quarter. Finally, Boston Family Office LLC lifted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 36.0% in the second quarter. Boston Family Office LLC now owns 180,163 shares of the company’s stock valued at $4,028,000 after buying an additional 47,668 shares during the period.

iShares iBonds Dec 2028 Term Treasury ETF Trading Up 0.2%

Shares of NASDAQ IBTI traded up $0.05 during trading on Monday, reaching $22.27. The company had a trading volume of 153,285 shares, compared to its average volume of 378,724. iShares iBonds Dec 2028 Term Treasury ETF has a 52 week low of $22.09 and a 52 week high of $22.49. The business’s 50 day moving average price is $22.35 and its 200-day moving average price is $22.37.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.064 dividend. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, March 2nd.

About iShares iBonds Dec 2028 Term Treasury ETF

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The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.

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