iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Stock Short Interest Drops 69.0%

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the recipient of a large decrease in short interest in October. As of October 30th, there was short interest totaling 11,684 shares, a decrease of 69.0% from the October 15th total of 37,709 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 179,782 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares iBonds Dec 2034 Term Treasury ETF

An institutional investor recently bought a new position in iShares iBonds Dec 2034 Term Treasury ETF stock. Thoroughbred Financial Services LLC bought a new stake in iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 86,534 shares of the company’s stock, valued at approximately $2,080,000. Thoroughbred Financial Services LLC owned approximately 0.57% of iShares iBonds Dec 2034 Term Treasury ETF at the end of the most recent reporting period.

iShares iBonds Dec 2034 Term Treasury ETF Stock Performance

Shares of NASDAQ:IBTP traded down $0.03 during mid-day trading on Friday, hitting $24.25. The company had a trading volume of 49,753 shares, compared to its average volume of 68,275. iShares iBonds Dec 2034 Term Treasury ETF has a one year low of $23.89 and a one year high of $26.32. The firm has a fifty day moving average price of $24.37 and a 200 day moving average price of $25.17.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a $0.0816 dividend. This represents a $0.98 annualized dividend and a yield of 4.0%. This is a decrease from iShares iBonds Dec 2034 Term Treasury ETF’s previous monthly dividend of $0.0830. The ex-dividend date of this dividend was Monday, November 2nd.

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.