Short Interest in iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Drops By 43.0%

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 183,432 shares, a drop of 43.0% from the June 30th total of 321,887 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 231,060 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 67.8% in the first quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock valued at $3,058,000 after acquiring an additional 60,597 shares in the last quarter. Thoroughbred Financial Services LLC lifted its position in iShares iBonds Dec 2031 Term Treasury ETF by 28.3% in the fourth quarter. Thoroughbred Financial Services LLC now owns 187,518 shares of the company’s stock worth $3,848,000 after purchasing an additional 41,354 shares during the period. Parallel Advisors LLC lifted its position in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% in the first quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after purchasing an additional 30,319 shares during the period. Bogart Wealth LLC boosted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 62.6% during the 4th quarter. Bogart Wealth LLC now owns 3,591 shares of the company’s stock valued at $74,000 after purchasing an additional 1,383 shares in the last quarter. Finally, United Capital Financial Advisors LLC boosted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 64.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 224,705 shares of the company’s stock valued at $4,622,000 after purchasing an additional 88,097 shares in the last quarter.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

NASDAQ IBTL traded down $0.03 on Wednesday, hitting $20.00. The stock had a trading volume of 71,318 shares, compared to its average volume of 183,252. The company’s 50-day moving average is $20.10 and its two-hundred day moving average is $20.32. iShares iBonds Dec 2031 Term Treasury ETF has a one year low of $19.93 and a one year high of $20.81.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.0618 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

iShares iBonds Dec 2031 Term Treasury ETF Company Profile

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.