Short Interest in iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Drops By 61.8%

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 22,689 shares, a drop of 61.8% from the June 15th total of 59,378 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 69,667 shares, the days-to-cover ratio is presently 0.3 days.

iShares iBonds Dec 2034 Term Treasury ETF Price Performance

Shares of IBTP opened at $25.16 on Monday. The company’s 50 day moving average price is $25.29 and its 200 day moving average price is $25.61. iShares iBonds Dec 2034 Term Treasury ETF has a 52 week low of $24.98 and a 52 week high of $26.32.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.0855 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

Hedge Funds Weigh In On iShares iBonds Dec 2034 Term Treasury ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dearborn Partners LLC acquired a new position in shares of iShares iBonds Dec 2034 Term Treasury ETF in the fourth quarter worth $206,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares iBonds Dec 2034 Term Treasury ETF during the third quarter worth $389,000. United Capital Financial Advisors LLC boosted its position in iShares iBonds Dec 2034 Term Treasury ETF by 43.6% during the third quarter. United Capital Financial Advisors LLC now owns 60,275 shares of the company’s stock valued at $1,562,000 after purchasing an additional 18,300 shares during the last quarter. Atlantic Private Wealth LLC boosted its position 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 valued at $6,058,000 after purchasing an additional 15,687 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its position in iShares iBonds Dec 2034 Term Treasury ETF by 11.4% during the fourth quarter. Confluence Investment Management LLC now owns 716,175 shares of the company’s stock valued at $18,484,000 after purchasing an additional 73,471 shares during the last quarter.

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.