iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Large Decline in Short Interest

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 16,500 shares, a drop of 31.0% from the March 15th total of 23,900 shares. Based on an average daily volume of 144,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

IBTL traded down $0.03 on Friday, hitting $20.28. The company had a trading volume of 67,893 shares, compared to its average volume of 76,798. The stock has a fifty day moving average price of $20.17 and a 200-day moving average price of $20.06. iShares iBonds Dec 2031 Term Treasury ETF has a 12-month low of $19.47 and a 12-month high of $20.99.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a $0.0662 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from iShares iBonds Dec 2031 Term Treasury ETF’s previous dividend of $0.06.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Confluence Investment Management LLC purchased a new position in iShares iBonds Dec 2031 Term Treasury ETF in the first quarter worth $6,240,000. Ameriprise Financial Inc. grew its stake in iShares iBonds Dec 2031 Term Treasury ETF by 96.7% during the 4th quarter. Ameriprise Financial Inc. now owns 517,042 shares of the company’s stock worth $10,238,000 after buying an additional 254,145 shares during the last quarter. Parallel Advisors LLC increased its position in iShares iBonds Dec 2031 Term Treasury ETF by 6,691.1% during the 1st quarter. Parallel Advisors LLC now owns 120,678 shares of the company’s stock valued at $2,453,000 after buying an additional 118,901 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in iShares iBonds Dec 2031 Term Treasury ETF during the 1st quarter valued at about $650,000. Finally, Cary Street Partners Financial LLC purchased a new stake in iShares iBonds Dec 2031 Term Treasury ETF in the fourth quarter valued at about $391,000.

About iShares iBonds Dec 2031 Term Treasury ETF

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.