iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Short Interest Update

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 146,700 shares, an increase of 54.1% from the May 15th total of 95,200 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 201,100 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. AllSquare Wealth Management LLC raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 36.3% in the 1st quarter. AllSquare Wealth Management LLC now owns 3,073 shares of the company’s stock valued at $68,000 after purchasing an additional 818 shares during the period. FCA Corp TX lifted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 0.5% during the 1st quarter. FCA Corp TX now owns 198,253 shares of the company’s stock worth $4,411,000 after purchasing an additional 946 shares during the last quarter. Crews Bank & Trust increased its position in iShares iBonds Dec 2028 Term Treasury ETF by 8.1% during the 1st quarter. Crews Bank & Trust now owns 14,275 shares of the company’s stock worth $318,000 after buying an additional 1,070 shares during the period. OLD Point Trust & Financial Services N A acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter worth $25,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 11.2% during the fourth quarter. Bank of New York Mellon Corp now owns 13,117 shares of the company’s stock worth $287,000 after buying an additional 1,317 shares in the last quarter.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

Shares of NASDAQ:IBTI traded down $0.01 during midday trading on Monday, reaching $22.17. The company had a trading volume of 79,327 shares, compared to its average volume of 226,698. The business’s 50 day moving average price is $22.21 and its 200 day moving average price is $22.08. iShares iBonds Dec 2028 Term Treasury ETF has a 1-year low of $21.68 and a 1-year high of $22.61.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were issued a $0.0743 dividend. This represents a $0.89 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07.

About iShares iBonds Dec 2028 Term Treasury ETF

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.