iShares iBonds Dec 2035 Term Treasury ETF (NASDAQ:IBTQ) Short Interest Up 177.5% in July

iShares iBonds Dec 2035 Term Treasury ETF (NASDAQ:IBTQ) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 81,764 shares, an increase of 177.5% from the June 30th total of 29,466 shares. Based on an average daily trading volume, of 30,771 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares iBonds Dec 2035 Term Treasury ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Private Wealth LLC acquired a new position in iShares iBonds Dec 2035 Term Treasury ETF during the fourth quarter valued at $86,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares iBonds Dec 2035 Term Treasury ETF during the 3rd quarter worth about $603,000. Finally, Confluence Investment Management LLC increased its stake in shares of iShares iBonds Dec 2035 Term Treasury ETF by 29.3% in the 2nd quarter. Confluence Investment Management LLC now owns 1,044,548 shares of the company’s stock valued at $26,202,000 after purchasing an additional 236,662 shares in the last quarter.

iShares iBonds Dec 2035 Term Treasury ETF Stock Up 0.4%

Shares of NASDAQ:IBTQ opened at $24.80 on Wednesday. The business’s 50-day moving average is $24.91 and its 200 day moving average is $25.21. iShares iBonds Dec 2035 Term Treasury ETF has a 1 year low of $24.59 and a 1 year high of $26.00.

iShares iBonds Dec 2035 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.0843 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

About iShares iBonds Dec 2035 Term Treasury ETF

iShares Trust – iShares iBonds Dec 2035 Term Treasury ETF is an exchange traded fund launched by BlackRock, Inc The fund is managed by BlackRock Fund Advisors. It invests in fixed income markets of the United States. The fund invests in in U.S. treasury bonds that have a fixed coupon schedule and are denominated in U.S. dollars. It invests in bonds that will mature between January 1, 2035 and December 15, 2035. The fund seeks to track the performance of the ICE 2035 Maturity US Treasury Index, by using representative sampling technique.