iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Shares Shorted: Short Interest Down 49.7% in October

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 31,293 shares, a decrease of 49.7% from the September 30th total of 62,178 shares. Based on an average daily trading volume, of 262,305 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

iShares iBonds Dec 2032 Term Treasury ETF Stock Performance

Shares of NASDAQ:IBTM traded up $0.09 during trading on Friday, reaching $22.17. 326,492 shares of the company traded hands, compared to its average volume of 157,041. The business’s fifty day moving average is $22.01 and its 200-day moving average is $22.60. iShares iBonds Dec 2032 Term Treasury ETF has a 52-week low of $21.62 and a 52-week high of $23.46.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.07 dividend. This is a drop from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.0759. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, October 1st.

Hedge Funds Weigh In On iShares iBonds Dec 2032 Term Treasury ETF

Several large investors have recently made changes to their positions in the business. McIlrath & Eck LLC purchased a new position in shares of iShares iBonds Dec 2032 Term Treasury ETF in the first quarter worth $73,000. Parallel Advisors LLC lifted its stake in iShares iBonds Dec 2032 Term Treasury ETF by 146.6% in the 1st quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock worth $3,735,000 after purchasing an additional 96,836 shares in the last quarter. Atlantic Private Wealth LLC grew its position in shares of iShares iBonds Dec 2032 Term Treasury ETF by 6.2% during the first quarter. Atlantic Private Wealth LLC now owns 234,626 shares of the company’s stock valued at $5,380,000 after purchasing an additional 13,686 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new stake in shares of iShares iBonds Dec 2032 Term Treasury ETF in the third quarter worth about $15,281,000.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.