iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Stock Short Interest Rises 303.0%

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 406,425 shares, a growth of 303.0% from the September 15th total of 100,852 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 713,219 shares, the short-interest ratio is currently 0.6 days.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

Shares of iShares iBonds Dec 2028 Term Treasury ETF stock remained flat at $21.90 during trading on Monday. 511,389 shares of the stock traded hands, compared to its average volume of 457,355. iShares iBonds Dec 2028 Term Treasury ETF has a 52-week low of $21.83 and a 52-week high of $22.49. The company’s 50 day moving average price is $22.00 and its 200-day moving average price is $22.10.

iShares iBonds Dec 2028 Term Treasury ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a dividend of $0.0701 per share. This represents a $0.84 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, September 1st.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

A number of institutional investors have recently added to or reduced their stakes in IBTI. Parallel Advisors LLC raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 2.4% in the 1st quarter. Parallel Advisors LLC now owns 142,903 shares of the company’s stock valued at $3,184,000 after acquiring an additional 3,391 shares in the last quarter. Reliant Wealth Planning grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 0.7% during the first quarter. Reliant Wealth Planning now owns 92,278 shares of the company’s stock worth $2,056,000 after purchasing an additional 670 shares in the last quarter. FCA Corp TX grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 2.1% during the first quarter. FCA Corp TX now owns 224,296 shares of the company’s stock worth $4,998,000 after purchasing an additional 4,536 shares in the last quarter. Basepoint Wealth LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the first quarter worth about $510,000. Finally, Midwest Professional Planners LTD. grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 45.1% during the first quarter. Midwest Professional Planners LTD. now owns 118,833 shares of the company’s stock worth $2,648,000 after purchasing an additional 36,944 shares in the last quarter.

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.