iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Shares Shorted: Short Interest Up 204.7% in September

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 362,303 shares, an increase of 204.7% from the September 15th total of 118,907 shares. Based on an average daily trading volume, of 485,652 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.9% of the shares of the company are sold short.

iShares iBonds Dec 2031 Term Treasury ETF Stock Up 0.1%

Shares of IBTL traded up $0.02 during mid-day trading on Tuesday, hitting $19.49. The company’s stock had a trading volume of 367,273 shares, compared to its average volume of 227,256. The stock’s 50-day moving average is $19.77 and its two-hundred day moving average is $20.04. iShares iBonds Dec 2031 Term Treasury ETF has a one year low of $19.37 and a one year high of $20.81.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.0656 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.79 annualized dividend and a yield of 4.0%. This is a negative change from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0661.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Confluence Investment Management LLC bought a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF in the third quarter valued at about $16,376,000. NewEdge Advisors LLC increased its stake in iShares iBonds Dec 2031 Term Treasury ETF by 6.0% during the second quarter. NewEdge Advisors LLC now owns 676,777 shares of the company’s stock valued at $13,664,000 after acquiring an additional 38,213 shares during the period. Heartwood Wealth Advisors LLC bought a new position in iShares iBonds Dec 2031 Term Treasury ETF during the third quarter valued at about $9,666,000. Parallel Advisors LLC increased its stake in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% during the first quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock valued at $4,094,000 after acquiring an additional 30,319 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the first quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock valued at $3,058,000 after acquiring an additional 60,597 shares during the period.

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.