iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Short Interest Up 38.8% in December

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 348,609 shares, an increase of 38.8% from the December 15th total of 251,206 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 677,965 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 677,965 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.0%

NASDAQ IBTI opened at $22.34 on Monday. iShares iBonds Dec 2028 Term Treasury ETF has a one year low of $21.83 and a one year high of $22.47. The stock has a 50-day moving average of $22.37 and a 200 day moving average of $22.35.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a $0.0706 dividend. This is a boost from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, December 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. High Note Wealth LLC bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the 3rd quarter worth approximately $29,000. Horizons Wealth Management boosted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 115.0% in the 3rd quarter. Horizons Wealth Management now owns 3,331 shares of the company’s stock worth $75,000 after buying an additional 1,782 shares during the last quarter. OLD Point Trust & Financial Services N A grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 166.7% in the third quarter. OLD Point Trust & Financial Services N A now owns 5,600 shares of the company’s stock worth $125,000 after acquiring an additional 3,500 shares during the period. Prime Capital Investment Advisors LLC purchased a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the second quarter valued at $248,000. Finally, Exchange Capital Management Inc. bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the second quarter valued at about $250,000.

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.