Short Interest in iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Expands By 158.8%

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 93,700 shares, an increase of 158.8% from the June 30th total of 36,200 shares. Based on an average daily volume of 128,000 shares, the days-to-cover ratio is currently 0.7 days.

iShares iBonds Dec 2028 Term Treasury ETF Trading Up 0.3 %

Shares of iShares iBonds Dec 2028 Term Treasury ETF stock opened at $22.06 on Friday. The stock has a 50 day moving average price of $21.83 and a 200-day moving average price of $21.85. iShares iBonds Dec 2028 Term Treasury ETF has a one year low of $21.21 and a one year high of $22.32.

iShares iBonds Dec 2028 Term Treasury ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued a $0.0722 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Monday, July 1st.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

A number of institutional investors and hedge funds have recently modified their holdings of IBTI. Bogart Wealth LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter worth approximately $76,000. Private Trust Co. NA purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter worth approximately $126,000. United Community Bank purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 1st quarter worth approximately $143,000. WASHINGTON TRUST Co purchased a new position in iShares iBonds Dec 2028 Term Treasury ETF during the 1st quarter valued at $222,000. Finally, Strategic Blueprint LLC purchased a new position in iShares iBonds Dec 2028 Term Treasury ETF during the 1st quarter valued at $441,000.

About iShares iBonds Dec 2028 Term Treasury ETF

The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.