iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Short Interest Down 47.0% in June

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 92,091 shares, a drop of 47.0% from the May 31st total of 173,753 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 297,270 shares, the short-interest ratio is currently 0.3 days.

iShares iBonds Dec 2029 Term Treasury ETF Trading Up 0.1%

Shares of IBTJ traded up $0.02 on Thursday, reaching $21.59. The stock had a trading volume of 741,398 shares, compared to its average volume of 278,528. The company has a 50-day simple moving average of $21.66 and a 200-day simple moving average of $21.82. iShares iBonds Dec 2029 Term Treasury ETF has a 12-month low of $21.54 and a 12-month high of $22.13.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be issued a $0.0669 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, July 1st.

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

Hedge funds have recently added to or reduced their stakes in the stock. Rebalance LLC lifted its stake in iShares iBonds Dec 2029 Term Treasury ETF by 22.3% in the 4th quarter. Rebalance LLC now owns 255,822 shares of the company’s stock worth $5,614,000 after purchasing an additional 46,663 shares in the last quarter. Hughes Financial Services LLC purchased a new position in iShares iBonds Dec 2029 Term Treasury ETF in the 4th quarter valued at $2,152,000. Pinnacle Bancorp Inc. grew its stake in iShares iBonds Dec 2029 Term Treasury ETF by 14.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 5,277 shares of the company’s stock valued at $115,000 after acquiring an additional 683 shares in the last quarter. Boston Family Office LLC increased its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 14.9% in the fourth quarter. Boston Family Office LLC now owns 126,211 shares of the company’s stock valued at $2,770,000 after purchasing an additional 16,345 shares during the last quarter. Finally, Montecito Bank & Trust raised its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 6.5% during the 4th quarter. Montecito Bank & Trust now owns 56,979 shares of the company’s stock worth $1,250,000 after acquiring an additional 3,465 shares during the period.

About iShares iBonds Dec 2029 Term Treasury ETF

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.