iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Large Increase in Short Interest

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 251,206 shares, an increase of 82.9% from the November 30th total of 137,367 shares. Based on an average trading volume of 330,850 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.5% of the company’s shares are sold short. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 330,850 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. lifted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 5.5% during the 1st quarter. Baird Financial Group Inc. now owns 66,390 shares of the company’s stock worth $1,477,000 after buying an additional 3,482 shares in the last quarter. Titleist Asset Management LLC acquired a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the first quarter worth $5,682,000. Integrated Wealth Concepts LLC increased its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 96.4% during the first quarter. Integrated Wealth Concepts LLC now owns 225,675 shares of the company’s stock worth $5,021,000 after acquiring an additional 110,774 shares during the period. Horizons Wealth Management raised its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 47.0% in the second quarter. Horizons Wealth Management now owns 1,549 shares of the company’s stock valued at $35,000 after acquiring an additional 495 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 12.3% in the second quarter. Parallel Advisors LLC now owns 122,891 shares of the company’s stock valued at $2,748,000 after purchasing an additional 13,466 shares during the period.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

NASDAQ:IBTI opened at $22.36 on Friday. The stock’s fifty day moving average is $22.39 and its two-hundred day moving average is $22.34. iShares iBonds Dec 2028 Term Treasury ETF has a 52 week low of $21.75 and a 52 week high of $22.47.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.0706 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. This is a boost from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, December 19th.

About iShares iBonds Dec 2028 Term Treasury ETF

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.