iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Short Interest Up 89.4% in June

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 59,378 shares, an increase of 89.4% from the May 31st total of 31,357 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 51,398 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On iShares iBonds Dec 2034 Term Treasury ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC grew its holdings in shares of iShares iBonds Dec 2034 Term Treasury ETF by 5.0% in the second quarter. Confluence Investment Management LLC now owns 965,101 shares of the company’s stock valued at $24,499,000 after purchasing an additional 45,923 shares in the last quarter. Atlantic Private Wealth LLC grew its holdings in iShares iBonds Dec 2034 Term Treasury ETF by 7.2% during the 4th quarter. Atlantic Private Wealth LLC now owns 234,732 shares of the company’s stock valued at $6,058,000 after purchasing an additional 15,687 shares during the last quarter. Dearborn Partners LLC purchased a new position in shares of iShares iBonds Dec 2034 Term Treasury ETF during the fourth quarter valued at approximately $206,000. Atlantic Union Bankshares Corp grew its position in 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 valued at $32,855,000 after acquiring an additional 313,063 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its position in 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 valued at $1,562,000 after buying an additional 18,300 shares during the period.

iShares iBonds Dec 2034 Term Treasury ETF Stock Performance

Shares of IBTP stock remained flat at $25.25 during trading hours on Thursday. 8,276 shares of the stock traded hands, compared to its average volume of 50,183. The stock has a 50-day moving average price of $25.35 and a two-hundred day moving average price of $25.64. iShares iBonds Dec 2034 Term Treasury ETF has a 1 year low of $24.98 and a 1 year high of $26.32.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.0855 per share. The ex-dividend date of this dividend is Wednesday, July 1st.

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.