Short Interest in iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Expands By 116.6%

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 36,600 shares, a growth of 116.6% from the March 31st total of 16,900 shares. Based on an average daily trading volume, of 139,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Several large investors have recently bought and sold shares of the company. InterOcean Capital Group LLC bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the fourth quarter valued at $10,030,000. Confluence Investment Management LLC purchased a new position in iShares iBonds Dec 2028 Term Treasury ETF in the 1st quarter worth about $9,840,000. Scissortail Wealth Management LLC purchased a new position in iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter worth about $6,357,000. Transcend Capital Advisors LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter worth about $3,104,000. Finally, Janney Montgomery Scott LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 3rd quarter worth about $760,000.

iShares iBonds Dec 2028 Term Treasury ETF Trading Up 0.1 %

IBTI stock traded up $0.02 during trading on Friday, hitting $21.55. The stock had a trading volume of 98,404 shares, compared to its average volume of 143,663. The company’s 50 day moving average price is $21.80 and its two-hundred day moving average price is $21.84. iShares iBonds Dec 2028 Term Treasury ETF has a 1-year low of $21.21 and a 1-year high of $22.85.

iShares iBonds Dec 2028 Term Treasury ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.0734 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Monday, April 1st.

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.