iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Sees Significant Growth in Short Interest

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 119,039 shares, a growth of 95.2% from the November 30th total of 60,975 shares. Based on an average daily trading volume, of 421,410 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 421,410 shares, the days-to-cover ratio is presently 0.3 days.

iShares iBonds Dec 2030 Term Treasury ETF Price Performance

Shares of IBTK traded up $0.03 during mid-day trading on Friday, hitting $19.86. The stock had a trading volume of 257,946 shares, compared to its average volume of 169,278. iShares iBonds Dec 2030 Term Treasury ETF has a fifty-two week low of $18.99 and a fifty-two week high of $20.02. The company’s fifty day simple moving average is $19.90 and its two-hundred day simple moving average is $19.82.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a $0.0587 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 3.5%.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

Several institutional investors have recently made changes to their positions in IBTK. Titleist Asset Management LLC lifted its stake in iShares iBonds Dec 2030 Term Treasury ETF by 139.2% in the second quarter. Titleist Asset Management LLC now owns 1,029,829 shares of the company’s stock valued at $20,432,000 after buying an additional 599,331 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of iShares iBonds Dec 2030 Term Treasury ETF by 5,624.5% in the 3rd quarter. NewEdge Advisors LLC now owns 420,862 shares of the company’s stock worth $8,365,000 after acquiring an additional 413,510 shares during the period. Ameriprise Financial Inc. lifted its position in iShares iBonds Dec 2030 Term Treasury ETF by 105.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 239,816 shares of the company’s stock valued at $4,749,000 after purchasing an additional 123,261 shares during the last quarter. United Capital Financial Advisors LLC boosted its stake in iShares iBonds Dec 2030 Term Treasury ETF by 65.6% during the 3rd quarter. United Capital Financial Advisors LLC now owns 234,520 shares of the company’s stock valued at $4,661,000 after purchasing an additional 92,887 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its stake in iShares iBonds Dec 2030 Term Treasury ETF by 54.5% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 187,023 shares of the company’s stock valued at $3,717,000 after purchasing an additional 66,005 shares during the period.

About iShares iBonds Dec 2030 Term Treasury ETF

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.