iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 37,709 shares, a decline of 48.2% from the September 30th total of 72,832 shares. Based on an average trading volume of 125,973 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On iShares iBonds Dec 2034 Term Treasury ETF
A hedge fund recently bought a new stake in iShares iBonds Dec 2034 Term Treasury ETF stock. Confluence Investment Management LLC bought a new position in iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 938,069 shares of the company’s stock, valued at approximately $22,550,000. Confluence Investment Management LLC owned about 7.16% 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 Down 0.2%
IBTP traded down $0.04 during trading on Monday, reaching $24.61. The stock had a trading volume of 55,246 shares, compared to its average volume of 67,791. The business has a 50-day moving average of $24.44 and a 200-day moving average of $25.21. iShares iBonds Dec 2034 Term Treasury ETF has a one year low of $23.89 and a one year high of $26.32.
iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be issued a $0.0816 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, November 2nd. This is a decrease from iShares iBonds Dec 2034 Term Treasury ETF’s previous monthly dividend of $0.0830.
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.
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