iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Large Drop in Short Interest

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 288,805 shares, a decrease of 34.9% from the August 15th total of 443,410 shares. Based on an average daily trading volume, of 467,630 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBTI. Parallel Advisors LLC grew its position in iShares iBonds Dec 2028 Term Treasury ETF by 2.4% in the 1st quarter. Parallel Advisors LLC now owns 142,903 shares of the company’s stock worth $3,184,000 after purchasing an additional 3,391 shares in the last quarter. Reliant Wealth Planning lifted its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 0.7% during the 1st quarter. Reliant Wealth Planning now owns 92,278 shares of the company’s stock worth $2,056,000 after buying an additional 670 shares in the last quarter. FCA Corp TX boosted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 2.1% in the 1st quarter. FCA Corp TX now owns 224,296 shares of the company’s stock worth $4,998,000 after buying an additional 4,536 shares during the last quarter. Basepoint Wealth LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 1st quarter worth approximately $510,000. Finally, Midwest Professional Planners LTD. boosted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 45.1% in the 1st quarter. Midwest Professional Planners LTD. now owns 118,833 shares of the company’s stock worth $2,648,000 after buying an additional 36,944 shares during the last quarter.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

NASDAQ:IBTI traded up $0.02 during trading hours on Thursday, hitting $21.94. 359,749 shares of the company traded hands, compared to its average volume of 418,990. The firm’s 50-day simple moving average is $22.06 and its 200-day simple moving average is $22.15. iShares iBonds Dec 2028 Term Treasury ETF has a one year low of $21.91 and a one year high of $22.49.

iShares iBonds Dec 2028 Term Treasury ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a $0.0701 dividend. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 3.8%.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

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.