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

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTIGet Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 197,959 shares, a drop of 37.0% from the May 14th total of 314,235 shares. Based on an average trading volume of 347,754 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBTI. Ascentis Independent Advisors bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the 1st quarter worth $33,000. Kohmann Bosshard Financial Services LLC bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter worth $48,000. Blue Square Asset Management LLC bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter worth $250,000. Towne Trust Company N.A raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 101.8% in the 4th quarter. Towne Trust Company N.A now owns 11,300 shares of the company’s stock worth $253,000 after acquiring an additional 5,700 shares during the period. Finally, Advisory Services Network LLC bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter worth $269,000.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

Shares of IBTI stock remained flat at $22.14 during trading on Tuesday. The company had a trading volume of 380,385 shares, compared to its average volume of 383,972. The stock has a 50 day moving average price of $22.18 and a 200 day moving average price of $22.29. iShares iBonds Dec 2028 Term Treasury ETF has a 1-year low of $22.06 and a 1-year high of $22.49.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.0703 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07.

About iShares iBonds Dec 2028 Term Treasury ETF

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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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