iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Sees Significant Drop in Short Interest

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 4,000 shares, a drop of 11.1% from the December 15th total of 4,500 shares. Based on an average daily volume of 24,400 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On iShares iBonds Dec 2034 Term Treasury ETF

An institutional investor recently bought a new position in iShares iBonds Dec 2034 Term Treasury ETF stock. Atlantic Union Bankshares Corp acquired a new position in iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 482,441 shares of the company’s stock, valued at approximately $12,745,000. Atlantic Union Bankshares Corp owned about 35.74% of iShares iBonds Dec 2034 Term Treasury ETF as of its most recent SEC filing.

iShares iBonds Dec 2034 Term Treasury ETF Stock Performance

Shares of IBTP stock traded up $0.01 during mid-day trading on Friday, reaching $24.82. 36,521 shares of the stock traded hands, compared to its average volume of 62,802. The stock’s fifty day simple moving average is $25.07 and its two-hundred day simple moving average is $25.63. iShares iBonds Dec 2034 Term Treasury ETF has a 1-year low of $24.43 and a 1-year high of $26.97.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 30th were given a dividend of $0.0053 per share. The ex-dividend date was Monday, December 30th.