iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) Sees Significant Increase in Short Interest

iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 178,574 shares, a growth of 309.3% from the August 15th total of 43,633 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 77,316 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IBTO. United Capital Financial Advisors LLC lifted its stake in iShares iBonds Dec 2033 Term Treasury ETF by 43.5% during the third quarter. United Capital Financial Advisors LLC now owns 63,181 shares of the company’s stock worth $1,557,000 after purchasing an additional 19,157 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of iShares iBonds Dec 2033 Term Treasury ETF during the 1st quarter valued at about $1,595,000. Thoroughbred Financial Services LLC raised its holdings in shares of iShares iBonds Dec 2033 Term Treasury ETF by 117.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 70,348 shares of the company’s stock valued at $1,727,000 after buying an additional 38,042 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of iShares iBonds Dec 2033 Term Treasury ETF during the 3rd quarter valued at about $2,554,000.

iShares iBonds Dec 2033 Term Treasury ETF Trading Down 0.1%

Shares of iShares iBonds Dec 2033 Term Treasury ETF stock opened at $23.33 on Friday. The company has a 50 day simple moving average of $23.79 and a two-hundred day simple moving average of $24.10. iShares iBonds Dec 2033 Term Treasury ETF has a 1 year low of $23.32 and a 1 year high of $25.00.

iShares iBonds Dec 2033 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.0838 dividend. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.3%.

About iShares iBonds Dec 2033 Term Treasury ETF

The iShares iBonds Dec 2033 Term Treasury ETF (IBTO) is an exchange-traded fund that is based on the ICE 2033 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2033. The fund will terminate in December 2033. IBTO was launched on Jun 27, 2023 and is managed by BlackRock.