iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Short Interest Up 47.7% in March

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTIGet Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 235,499 shares, an increase of 47.7% from the March 15th total of 159,414 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 442,693 shares, the short-interest ratio is currently 0.5 days.

iShares iBonds Dec 2028 Term Treasury ETF Trading Up 0.0%

Shares of NASDAQ IBTI traded up $0.01 during midday trading on Tuesday, reaching $22.26. The company had a trading volume of 280,273 shares, compared to its average volume of 401,891. The business’s 50-day simple moving average is $22.32 and its 200 day simple moving average is $22.36. iShares iBonds Dec 2028 Term Treasury ETF has a 1 year low of $22.09 and a 1 year high of $22.49.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were issued a $0.0689 dividend. This is an increase from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, April 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IBTI. Baird Financial Group Inc. raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 86.8% in the second quarter. Baird Financial Group Inc. now owns 124,018 shares of the company’s stock worth $2,773,000 after buying an additional 57,628 shares during the last quarter. Horizons Wealth Management raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 115.0% in the third quarter. Horizons Wealth Management now owns 3,331 shares of the company’s stock worth $75,000 after buying an additional 1,782 shares during the last quarter. Montecito Bank & Trust purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the third quarter worth $1,289,000. OLD Point Trust & Financial Services N A raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 166.7% in the third quarter. OLD Point Trust & Financial Services N A now owns 5,600 shares of the company’s stock worth $125,000 after buying an additional 3,500 shares during the last quarter. Finally, Rebalance LLC raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 18.0% in the third quarter. Rebalance LLC now owns 179,134 shares of the company’s stock worth $4,010,000 after buying an additional 27,291 shares during the last quarter.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

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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.

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