Short Interest in iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) Expands By 150.7%

iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 169,500 shares, an increase of 150.7% from the July 31st total of 67,600 shares. Based on an average daily trading volume, of 476,600 shares, the short-interest ratio is currently 0.4 days.

iShares iBonds Dec 2024 Term Treasury ETF Price Performance

IBTE stock remained flat at $24.00 during midday trading on Friday. 112,300 shares of the company traded hands, compared to its average volume of 602,940. iShares iBonds Dec 2024 Term Treasury ETF has a 1-year low of $23.74 and a 1-year high of $24.01. The company’s fifty day moving average price is $23.94 and its two-hundred day moving average price is $23.92.

iShares iBonds Dec 2024 Term Treasury ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were issued a $0.0999 dividend. The ex-dividend date was Thursday, August 1st.

Institutional Investors Weigh In On iShares iBonds Dec 2024 Term Treasury ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Montecito Bank & Trust increased its stake in iShares iBonds Dec 2024 Term Treasury ETF by 1.0% in the second quarter. Montecito Bank & Trust now owns 46,649 shares of the company’s stock valued at $1,119,000 after purchasing an additional 460 shares in the last quarter. Leavell Investment Management Inc. increased its stake in iShares iBonds Dec 2024 Term Treasury ETF by 0.8% in the first quarter. Leavell Investment Management Inc. now owns 195,081 shares of the company’s stock valued at $4,670,000 after purchasing an additional 1,512 shares in the last quarter. United Community Bank bought a new stake in iShares iBonds Dec 2024 Term Treasury ETF in the first quarter valued at $48,000. JDM Financial Group LLC increased its stake in iShares iBonds Dec 2024 Term Treasury ETF by 12.4% in the first quarter. JDM Financial Group LLC now owns 19,093 shares of the company’s stock valued at $457,000 after purchasing an additional 2,104 shares in the last quarter. Finally, Bogart Wealth LLC bought a new stake in iShares iBonds Dec 2024 Term Treasury ETF in the fourth quarter valued at $69,000.

About iShares iBonds Dec 2024 Term Treasury ETF

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.