iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Sees Large Drop in Short Interest

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 31,805 shares, a drop of 77.7% from the May 31st total of 142,840 shares. Based on an average trading volume of 120,146 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 13.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock worth $12,644,000 after acquiring an additional 65,447 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares iBonds Dec 2032 Term Treasury ETF by 64.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 361,010 shares of the company’s stock valued at $8,332,000 after purchasing an additional 141,122 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of iShares iBonds Dec 2032 Term Treasury ETF by 5.2% during the second quarter. NewEdge Advisors LLC now owns 360,156 shares of the company’s stock worth $8,294,000 after purchasing an additional 17,906 shares during the last quarter. Atlantic Private Wealth LLC lifted 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 worth $5,380,000 after purchasing an additional 13,686 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in iShares iBonds Dec 2032 Term Treasury ETF by 146.6% in the first 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.

iShares iBonds Dec 2032 Term Treasury ETF Trading Up 0.2%

NASDAQ IBTM opened at $22.78 on Friday. The business’s fifty day simple moving average is $22.70 and its 200-day simple moving average is $22.94. iShares iBonds Dec 2032 Term Treasury ETF has a 52 week low of $22.43 and a 52 week high of $23.46.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.0756 dividend. The ex-dividend date of this dividend was Monday, June 1st.

iShares iBonds Dec 2032 Term Treasury ETF Company Profile

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.