Short Interest in iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Drops By 47.4%

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 31,357 shares, a decrease of 47.4% from the May 14th total of 59,576 shares. Based on an average daily volume of 63,616 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

iShares iBonds Dec 2034 Term Treasury ETF Stock Performance

IBTP stock opened at $25.31 on Tuesday. iShares iBonds Dec 2034 Term Treasury ETF has a twelve month low of $24.98 and a twelve month high of $26.32. The business has a 50 day moving average price of $25.42 and a two-hundred day moving average price of $25.70.

iShares iBonds Dec 2034 Term Treasury ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.086 dividend. The ex-dividend date of this dividend was Monday, June 1st.

Hedge Funds Weigh In On iShares iBonds Dec 2034 Term Treasury ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Atlantic Private Wealth LLC grew its position in shares of iShares iBonds Dec 2034 Term Treasury ETF by 7.2% in the 4th quarter. Atlantic Private Wealth LLC now owns 234,732 shares of the company’s stock valued at $6,058,000 after acquiring an additional 15,687 shares during the period. Dearborn Partners LLC bought a new stake in shares of iShares iBonds Dec 2034 Term Treasury ETF in the 4th quarter valued at about $206,000. Atlantic Union Bankshares Corp lifted its stake in iShares iBonds Dec 2034 Term Treasury ETF by 32.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 1,272,993 shares of the company’s stock valued at $32,855,000 after purchasing an additional 313,063 shares during the last quarter. Confluence Investment Management LLC lifted its stake in iShares iBonds Dec 2034 Term Treasury ETF by 11.4% in the 4th quarter. Confluence Investment Management LLC now owns 716,175 shares of the company’s stock valued at $18,484,000 after purchasing an additional 73,471 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its holdings in iShares iBonds Dec 2034 Term Treasury ETF by 43.6% during the third quarter. United Capital Financial Advisors LLC now owns 60,275 shares of the company’s stock worth $1,562,000 after purchasing an additional 18,300 shares during the period.

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.