Short Interest in iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Drops By 24.4%

Posted by James Conley on Oct 13th, 2024

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ – Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 50,200 shares, a decrease of 24.4% from the September 15th total of 66,400 shares. Based on an average daily volume of 107,400 shares, the days-to-cover ratio is currently 0.5 days.

iShares iBonds Dec 2029 Term Treasury ETF Trading Up 0.1 %

Shares of iShares iBonds Dec 2029 Term Treasury ETF stock traded up $0.02 during trading on Friday, hitting $21.77. 124,995 shares of the company’s stock were exchanged, compared to its average volume of 77,734. iShares iBonds Dec 2029 Term Treasury ETF has a 52-week low of $20.58 and a 52-week high of $22.22. The business has a 50-day simple moving average of $22.00 and a 200-day simple moving average of $21.55.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.0699 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Treasury ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. WASHINGTON TRUST Co boosted its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 37.5% in the second quarter. WASHINGTON TRUST Co now owns 13,062 shares of the company’s stock valued at $279,000 after acquiring an additional 3,562 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in iShares iBonds Dec 2029 Term Treasury ETF during the first quarter worth approximately $1,318,000. Finally, Confluence Investment Management LLC purchased a new stake in iShares iBonds Dec 2029 Term Treasury ETF during the first quarter worth approximately $7,884,000.

About iShares iBonds Dec 2029 Term Treasury ETF

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The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.