iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Shares Shorted: Short Interest Down 49.7% in October

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 31,293 shares, a decline of 49.7% from the September 30th total of 62,178 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 262,305 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Treasury ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Confluence Investment Management LLC acquired a new position in iShares iBonds Dec 2032 Term Treasury ETF in the third quarter worth about $15,281,000. Atlantic Private Wealth LLC raised its stake in iShares iBonds Dec 2032 Term Treasury ETF by 25.3% during the second quarter. Atlantic Private Wealth LLC now owns 293,989 shares of the company’s stock valued at $6,672,000 after buying an additional 59,363 shares in the last quarter. Parallel Advisors LLC lifted its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 146.6% during the 1st quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock worth $3,735,000 after buying an additional 96,836 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new position in iShares iBonds Dec 2032 Term Treasury ETF during the 1st quarter worth approximately $73,000.

iShares iBonds Dec 2032 Term Treasury ETF Trading Up 0.4%

Shares of IBTM traded up $0.09 during mid-day trading on Friday, reaching $22.17. 326,492 shares of the stock traded hands, compared to its average volume of 157,041. The stock has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $22.60. iShares iBonds Dec 2032 Term Treasury ETF has a 12-month low of $21.62 and a 12-month high of $23.46.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.07 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. This is a decrease from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.0759.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.