iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Sees Significant Drop in Short Interest

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 31,293 shares, a decline of 49.7% from the September 30th total of 62,178 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 262,305 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of iShares iBonds Dec 2032 Term Treasury ETF

Hedge funds have recently made changes to their positions in the company. Confluence Investment Management LLC acquired a new stake in iShares iBonds Dec 2032 Term Treasury ETF during the 3rd quarter worth approximately $15,281,000. Atlantic Private Wealth LLC raised its stake in shares of iShares iBonds Dec 2032 Term Treasury ETF by 25.3% during the second quarter. Atlantic Private Wealth LLC now owns 293,989 shares of the company’s stock valued at $6,672,000 after acquiring an additional 59,363 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of iShares iBonds Dec 2032 Term Treasury ETF by 146.6% during the first quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock valued at $3,735,000 after acquiring an additional 96,836 shares during the last quarter. Finally, McIlrath & Eck LLC acquired a new position in shares of iShares iBonds Dec 2032 Term Treasury ETF during the first quarter worth $73,000.

iShares iBonds Dec 2032 Term Treasury ETF Stock Down 0.2%

Shares of IBTM traded down $0.04 during trading hours on Monday, reaching $22.13. The stock had a trading volume of 125,958 shares, compared to its average volume of 156,462. iShares iBonds Dec 2032 Term Treasury ETF has a 12 month low of $21.62 and a 12 month high of $23.46. The company’s 50-day moving average is $22.01 and its two-hundred day moving average is $22.60.

iShares iBonds Dec 2032 Term Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd will be given a $0.0742 dividend. This is a boost from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a $0.89 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, November 2nd.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.