Short Interest in iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Decreases By 36.4%

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 97,700 shares, a drop of 36.4% from the December 15th total of 153,700 shares. Based on an average daily volume of 265,700 shares, the short-interest ratio is presently 0.4 days.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

Shares of iShares iBonds Dec 2028 Term Treasury ETF stock traded down $0.03 during trading on Friday, reaching $21.89. 371,500 shares of the company’s stock were exchanged, compared to its average volume of 287,645. iShares iBonds Dec 2028 Term Treasury ETF has a 1-year low of $21.47 and a 1-year high of $22.61. The firm’s 50-day moving average price is $21.93 and its 200 day moving average price is $22.13.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.0676 dividend. The ex-dividend date was Wednesday, December 18th.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IBTI. Pinnacle Bancorp Inc. acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the third quarter valued at approximately $225,000. Heartland Bank & Trust Co acquired a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the third quarter valued at approximately $269,000. Strategic Blueprint LLC raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 67.6% in the 3rd quarter. Strategic Blueprint LLC now owns 39,507 shares of the company’s stock valued at $889,000 after buying an additional 15,929 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in iShares iBonds Dec 2028 Term Treasury ETF by 1.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 93,590 shares of the company’s stock worth $2,106,000 after buying an additional 1,609 shares during the period. Finally, Cary Street Partners Asset Management LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 3rd quarter worth approximately $294,000.

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.