Short Interest in iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Drops By 69.4%

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 49,900 shares, a decrease of 69.4% from the September 15th total of 163,200 shares. Based on an average trading volume of 148,200 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 148,200 shares, the days-to-cover ratio is presently 0.3 days.

iShares iBonds Dec 2030 Term Treasury ETF Trading Down 0.1%

Shares of IBTK stock opened at $19.98 on Monday. iShares iBonds Dec 2030 Term Treasury ETF has a fifty-two week low of $18.99 and a fifty-two week high of $20.01. The stock has a 50 day simple moving average of $19.87 and a two-hundred day simple moving average of $19.72.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were paid a $0.0618 dividend. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

Institutional Trading of iShares iBonds Dec 2030 Term Treasury ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust boosted its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 73.2% in the first quarter. Bank of Jackson Hole Trust now owns 3,745 shares of the company’s stock worth $73,000 after acquiring an additional 1,583 shares in the last quarter. Rebalance LLC bought a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF in the 2nd quarter worth $224,000. Jaffetilchin Investment Partners LLC acquired a new stake in iShares iBonds Dec 2030 Term Treasury ETF in the 1st quarter valued at $260,000. Leavell Investment Management Inc. acquired a new stake in iShares iBonds Dec 2030 Term Treasury ETF in the 2nd quarter valued at $272,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in iShares iBonds Dec 2030 Term Treasury ETF during the 1st quarter valued at $330,000.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.