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

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 197,959 shares, a decrease of 37.0% from the May 14th total of 314,235 shares. Based on an average trading volume of 347,754 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

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

Large investors have recently made changes to their positions in the stock. United Capital Financial Advisors LLC grew its position in iShares iBonds Dec 2028 Term Treasury ETF by 63.9% in the third quarter. United Capital Financial Advisors LLC now owns 797,841 shares of the company’s stock valued at $17,860,000 after purchasing an additional 310,968 shares in the last quarter. Oak Family Advisors LLC bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the first quarter valued at $6,107,000. Ameriprise Financial Inc. grew its position in iShares iBonds Dec 2028 Term Treasury ETF by 70.7% in the third quarter. Ameriprise Financial Inc. now owns 371,121 shares of the company’s stock valued at $8,290,000 after purchasing an additional 153,700 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in iShares iBonds Dec 2028 Term Treasury ETF by 34.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 588,449 shares of the company’s stock valued at $13,161,000 after purchasing an additional 150,727 shares in the last quarter. Finally, Collaborative Fund Advisors LLC bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the first quarter valued at $3,209,000.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

Shares of IBTI stock opened at $22.13 on Monday. The firm has a fifty day moving average of $22.18 and a 200-day moving average of $22.29. iShares iBonds Dec 2028 Term Treasury ETF has a 12-month low of $22.06 and a 12-month high of $22.49.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.0703 per share. This is a positive change from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 1st.

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.