iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) Short Interest Update

Posted by Charles Blunt on Jul 26th, 2024

iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 7,000 shares, a decrease of 87.1% from the June 30th total of 54,400 shares. Based on an average daily volume of 60,100 shares, the short-interest ratio is presently 0.1 days.

iShares iBonds Dec 2033 Term Treasury ETF Stock Performance

Shares of IBTO traded up $0.12 during trading hours on Friday, hitting $24.34. The stock had a trading volume of 29,824 shares, compared to its average volume of 53,569. iShares iBonds Dec 2033 Term Treasury ETF has a 1-year low of $22.81 and a 1-year high of $25.11. The firm has a 50 day simple moving average of $24.04 and a 200-day simple moving average of $24.08.

iShares iBonds Dec 2033 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were paid a $0.0757 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.91 dividend on an annualized basis and a yield of 3.73%.

Hedge Funds Weigh In On iShares iBonds Dec 2033 Term Treasury ETF

A number of institutional investors have recently modified their holdings of IBTO. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares iBonds Dec 2033 Term Treasury ETF in the 4th quarter worth about $17,568,000. Exchange Capital Management Inc. bought a new stake in iShares iBonds Dec 2033 Term Treasury ETF during the 1st quarter worth approximately $1,194,000. Finally, American National Bank & Trust Co. VA purchased a new stake in shares of iShares iBonds Dec 2033 Term Treasury ETF in the first quarter worth approximately $1,183,000.

About iShares iBonds Dec 2033 Term Treasury ETF

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The iShares iBonds Dec 2033 Term Treasury ETF (IBTO) is an exchange-traded fund that is based on the ICE 2033 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2033. The fund will terminate in December 2033. IBTO was launched on Jun 27, 2023 and is managed by BlackRock.