iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) Sees Large Decrease in Short Interest

Posted by Trevor Kearing on Jul 26th, 2024

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

iShares iBonds Dec 2033 Term Treasury ETF Trading Up 0.5 %

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

iShares iBonds Dec 2033 Term Treasury ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp raised its position in shares of iShares iBonds Dec 2033 Term Treasury ETF by 28.3% during the second quarter. Atlantic Union Bankshares Corp now owns 1,112,658 shares of the company’s stock worth $26,701,000 after purchasing an additional 245,586 shares during the period. 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 acquired a new stake in iShares iBonds Dec 2033 Term Treasury ETF during the 1st quarter worth approximately $1,183,000.

iShares iBonds Dec 2033 Term Treasury ETF Company Profile

(Get Free Report)

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.