iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Stock Short Interest Falls 60.9%

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 118,907 shares, a drop of 60.9% from the August 31st total of 303,807 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 393,637 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

A number of institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 6.0% during the 2nd quarter. NewEdge Advisors LLC now owns 676,777 shares of the company’s stock worth $13,664,000 after buying an additional 38,213 shares during the last quarter. Parallel Advisors LLC lifted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% in the first quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock valued at $4,094,000 after purchasing an additional 30,319 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock valued at $3,058,000 after buying an additional 60,597 shares in the last quarter. Boston Family Office LLC increased its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 10.8% in the fourth quarter. Boston Family Office LLC now owns 105,256 shares of the company’s stock worth $2,160,000 after purchasing an additional 10,227 shares during the last quarter. Finally, Montecito Bank & Trust grew its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 14.0% during the 1st quarter. Montecito Bank & Trust now owns 29,601 shares of the company’s stock valued at $604,000 after purchasing an additional 3,631 shares during the last quarter.

iShares iBonds Dec 2031 Term Treasury ETF Stock Performance

NASDAQ:IBTL traded down $0.06 on Monday, hitting $19.47. The stock had a trading volume of 1,253,652 shares, compared to its average volume of 216,746. The company has a fifty day moving average price of $19.89 and a two-hundred day moving average price of $20.11. iShares iBonds Dec 2031 Term Treasury ETF has a 1-year low of $19.43 and a 1-year high of $20.81.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.0661 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.79 dividend on an annualized basis and a yield of 4.1%. This is a positive change from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0660.

iShares iBonds Dec 2031 Term Treasury ETF Company Profile

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.