Short Interest in iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) Increases By 255.7%

iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 294,500 shares, an increase of 255.7% from the May 31st total of 82,800 shares. Based on an average daily trading volume, of 517,700 shares, the short-interest ratio is presently 0.6 days.

iShares iBonds Dec 2024 Term Treasury ETF Stock Up 0.0 %

NASDAQ:IBTE traded up $0.01 during mid-day trading on Friday, hitting $23.98. 247,701 shares of the company’s stock were exchanged, compared to its average volume of 646,498. iShares iBonds Dec 2024 Term Treasury ETF has a fifty-two week low of $23.71 and a fifty-two week high of $23.98. The company has a 50 day simple moving average of $23.92 and a 200-day simple moving average of $23.90.

iShares iBonds Dec 2024 Term Treasury ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were given a $0.0927 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. InterOcean Capital Group LLC lifted its position in shares of iShares iBonds Dec 2024 Term Treasury ETF by 99.0% in the 4th quarter. InterOcean Capital Group LLC now owns 1,507,671 shares of the company’s stock worth $35,973,000 after purchasing an additional 749,991 shares during the period. Mascoma Wealth Management LLC lifted its position in shares of iShares iBonds Dec 2024 Term Treasury ETF by 10.0% in the 4th quarter. Mascoma Wealth Management LLC now owns 15,103 shares of the company’s stock worth $360,000 after purchasing an additional 1,373 shares during the period. True Link Financial Advisors LLC lifted its position in shares of iShares iBonds Dec 2024 Term Treasury ETF by 174.9% in the 4th quarter. True Link Financial Advisors LLC now owns 86,713 shares of the company’s stock worth $2,069,000 after purchasing an additional 55,164 shares during the period. PSI Advisors LLC lifted its position in shares of iShares iBonds Dec 2024 Term Treasury ETF by 27.4% in the 4th quarter. PSI Advisors LLC now owns 98,373 shares of the company’s stock worth $2,347,000 after purchasing an additional 21,162 shares during the period. Finally, Eldridge Investment Advisors Inc. lifted its position in shares of iShares iBonds Dec 2024 Term Treasury ETF by 41.4% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 185,434 shares of the company’s stock worth $4,424,000 after purchasing an additional 54,290 shares during the period.

iShares iBonds Dec 2024 Term Treasury ETF Company Profile

The iShares iBonds Dec 2024 Term Treasury ETF (IBTE) is an exchange-traded fund that is based on the ICE 2024 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2024. The fund will terminate in December 2024. IBTE was launched on Feb 25, 2020 and is managed by BlackRock.