iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Sees Significant Growth in Short Interest

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 63,985 shares, a growth of 105.1% from the April 15th total of 31,190 shares. Based on an average daily volume of 80,872 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.6% of the company’s shares are sold short.

iShares iBonds Dec 2034 Term Treasury ETF Stock Down 0.8%

NASDAQ IBTP traded down $0.19 during trading on Friday, hitting $25.13. The company had a trading volume of 78,313 shares, compared to its average volume of 47,125. iShares iBonds Dec 2034 Term Treasury ETF has a one year low of $24.96 and a one year high of $26.32. The company’s fifty day moving average is $25.60 and its 200-day moving average is $25.81.

iShares iBonds Dec 2034 Term Treasury ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were paid a $0.0805 dividend. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, May 1st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IBTP. Atlantic Union Bankshares Corp increased its stake in shares of iShares iBonds Dec 2034 Term Treasury ETF by 32.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 1,272,993 shares of the company’s stock worth $32,855,000 after acquiring an additional 313,063 shares in the last quarter. Confluence Investment Management LLC increased its stake in shares of iShares iBonds Dec 2034 Term Treasury ETF by 11.4% in the 4th quarter. Confluence Investment Management LLC now owns 716,175 shares of the company’s stock worth $18,484,000 after acquiring an additional 73,471 shares in the last quarter. Atlantic Private Wealth LLC increased its stake in shares of iShares iBonds Dec 2034 Term Treasury ETF by 24.4% in the 3rd quarter. Atlantic Private Wealth LLC now owns 219,045 shares of the company’s stock worth $5,675,000 after acquiring an additional 42,927 shares in the last quarter. United Capital Financial Advisors LLC increased its stake in shares of iShares iBonds Dec 2034 Term Treasury ETF by 43.6% in the 3rd quarter. United Capital Financial Advisors LLC now owns 60,275 shares of the company’s stock worth $1,562,000 after acquiring an additional 18,300 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares iBonds Dec 2034 Term Treasury ETF in the 3rd quarter worth about $389,000.

About iShares iBonds Dec 2034 Term Treasury ETF

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.