Short Interest in iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) Expands By 255.7%

iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 294,500 shares, an increase of 255.7% from the May 31st total of 82,800 shares. Based on an average daily volume of 517,700 shares, the days-to-cover ratio is presently 0.6 days.

iShares iBonds Dec 2024 Term Treasury ETF Price Performance

NASDAQ:IBTE traded up $0.01 during mid-day trading on Friday, hitting $23.98. 247,701 shares of the company’s stock traded hands, compared to its average volume of 646,498. The firm has a 50 day moving average of $23.92 and a two-hundred day moving average of $23.90. iShares iBonds Dec 2024 Term Treasury ETF has a 12 month low of $23.71 and a 12 month high of $23.98.

iShares iBonds Dec 2024 Term Treasury ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a dividend of $0.0927 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.11 annualized dividend and a yield of 4.64%.

Institutional Trading of iShares iBonds Dec 2024 Term Treasury ETF

Several hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its stake in iShares iBonds Dec 2024 Term Treasury ETF by 12.4% during the 1st quarter. Captrust Financial Advisors now owns 21,426,891 shares of the company’s stock valued at $512,960,000 after purchasing an additional 2,356,332 shares during the period. Hills Bank & Trust Co lifted its position in shares of iShares iBonds Dec 2024 Term Treasury ETF by 27.0% in the 4th quarter. Hills Bank & Trust Co now owns 1,591,657 shares of the company’s stock worth $37,977,000 after acquiring an additional 338,367 shares during the period. InterOcean Capital Group LLC lifted its position in shares of iShares iBonds Dec 2024 Term Treasury ETF by 99.0% in the 4th quarter. InterOcean Capital Group LLC now owns 1,507,671 shares of the company’s stock worth $35,973,000 after acquiring an additional 749,991 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of iShares iBonds Dec 2024 Term Treasury ETF by 13.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 787,455 shares of the company’s stock worth $18,852,000 after acquiring an additional 92,188 shares during the period. Finally, Scissortail Wealth Management LLC lifted its position in shares of iShares iBonds Dec 2024 Term Treasury ETF by 2.4% in the 4th quarter. Scissortail Wealth Management LLC now owns 681,793 shares of the company’s stock worth $16,322,000 after acquiring an additional 15,763 shares during the period.

iShares iBonds Dec 2024 Term Treasury ETF Company Profile

The iShares iBonds Dec 2024 Term Treasury ETF (IBTE) is an exchange-traded fund that is based on the ICE 2024 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2024. The fund will terminate in December 2024. IBTE was launched on Feb 25, 2020 and is managed by BlackRock.