iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) Short Interest Down 87.1% in July

Posted by Doug Madison on Jul 25th, 2024

iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 7,000 shares, a drop of 87.1% from the June 30th total of 54,400 shares. Based on an average daily volume of 60,100 shares, the short-interest ratio is currently 0.1 days.

iShares iBonds Dec 2033 Term Treasury ETF Stock Performance

Shares of iShares iBonds Dec 2033 Term Treasury ETF stock traded up $0.07 during midday trading on Thursday, hitting $24.22. The company had a trading volume of 57,380 shares, compared to its average volume of 53,736. iShares iBonds Dec 2033 Term Treasury ETF has a 52-week low of $22.81 and a 52-week high of $25.11. The company has a 50 day moving average of $24.03 and a 200 day moving average of $24.08.

iShares iBonds Dec 2033 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were paid a $0.0757 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.75%.

Hedge Funds Weigh In On iShares iBonds Dec 2033 Term Treasury ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Atlantic Union Bankshares Corp purchased a new stake in iShares iBonds Dec 2033 Term Treasury ETF during the 4th quarter valued at about $17,568,000. Exchange Capital Management Inc. purchased a new position in iShares iBonds Dec 2033 Term Treasury ETF in the 1st quarter worth approximately $1,194,000. Finally, American National Bank & Trust Co. VA bought a new position in iShares iBonds Dec 2033 Term Treasury ETF in the 1st quarter valued at approximately $1,183,000.

iShares iBonds Dec 2033 Term Treasury ETF Company Profile

(Get Free Report)

The iShares iBonds Dec 2033 Term Treasury ETF (IBTO) is an exchange-traded fund that is based on the ICE 2033 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2033. The fund will terminate in December 2033. IBTO was launched on Jun 27, 2023 and is managed by BlackRock.