iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Large Drop in Short Interest

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 183,432 shares, a decline of 43.0% from the June 30th total of 321,887 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 231,060 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 3.2% in the first quarter. Integrated Wealth Concepts LLC now owns 26,370 shares of the company’s stock valued at $536,000 after buying an additional 822 shares during the period. Ameriprise Financial Inc. increased its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 40.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 495,443 shares of the company’s stock valued at $10,174,000 after acquiring an additional 141,988 shares in the last quarter. United Capital Financial Advisors LLC increased its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 64.5% in the 3rd quarter. United Capital Financial Advisors LLC now owns 224,705 shares of the company’s stock valued at $4,622,000 after acquiring an additional 88,097 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 9,036.6% during the 3rd quarter. NewEdge Advisors LLC now owns 542,072 shares of the company’s stock valued at $11,150,000 after acquiring an additional 536,139 shares during the period. Finally, Headland Capital LLC lifted its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 2.9% during the 4th quarter. Headland Capital LLC now owns 366,476 shares of the company’s stock valued at $7,522,000 after acquiring an additional 10,405 shares during the period.

iShares iBonds Dec 2031 Term Treasury ETF Stock Performance

IBTL traded down $0.03 during trading on Friday, reaching $19.99. 127,471 shares of the stock traded hands, compared to its average volume of 183,414. The stock’s 50-day moving average is $20.10 and its 200 day moving average is $20.32. iShares iBonds Dec 2031 Term Treasury ETF has a 12 month low of $19.93 and a 12 month high of $20.81.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.0618 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.