iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Shares Shorted: Short Interest Up 109.3% in October

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 582,993 shares, a growth of 109.3% from the September 30th total of 278,550 shares. Based on an average trading volume of 766,902 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hughes Financial Services LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the 3rd quarter valued at $2,369,000. Rebalance LLC bought a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the 3rd quarter worth about $5,776,000. Prime Capital Investment Advisors LLC bought a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the 3rd quarter worth about $297,000. Farther Finance Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF during the 3rd quarter worth about $50,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF during the 3rd quarter worth about $9,589,000.

iShares iBonds Dec 2030 Term Treasury ETF Trading Up 0.3%

iShares iBonds Dec 2030 Term Treasury ETF stock traded up $0.06 on Friday, hitting $19.23. The company’s stock had a trading volume of 289,827 shares, compared to its average volume of 317,843. The company has a fifty day moving average price of $19.14 and a 200-day moving average price of $19.51. iShares iBonds Dec 2030 Term Treasury ETF has a one year low of $18.91 and a one year high of $20.07.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.0591 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, October 1st. This is a drop from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0619.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.