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

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 26,800 shares, a drop of 48.6% from the February 13th total of 52,100 shares. Based on an average daily trading volume, of 127,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

iShares iBonds Dec 2031 Term Treasury ETF Stock Performance

Shares of NASDAQ IBTL traded down $0.07 during mid-day trading on Friday, hitting $20.14. 78,730 shares of the stock were exchanged, compared to its average volume of 66,786. The stock’s fifty day simple moving average is $19.93 and its two-hundred day simple moving average is $20.17. iShares iBonds Dec 2031 Term Treasury ETF has a twelve month low of $19.47 and a twelve month high of $20.99.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.0638 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IBTL. Bogart Wealth LLC acquired a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF in the fourth quarter valued at approximately $44,000. Cary Street Partners Financial LLC acquired a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF in the fourth quarter valued at approximately $391,000. Integrated Wealth Concepts LLC increased its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 23.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 25,548 shares of the company’s stock valued at $506,000 after purchasing an additional 4,856 shares in the last quarter. Atlantic Private Wealth LLC increased its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 24.5% in the fourth quarter. Atlantic Private Wealth LLC now owns 52,932 shares of the company’s stock valued at $1,048,000 after purchasing an additional 10,422 shares in the last quarter. Finally, Boston Family Office LLC increased its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 3.7% in the fourth quarter. Boston Family Office LLC now owns 72,213 shares of the company’s stock valued at $1,430,000 after purchasing an additional 2,548 shares in the last quarter.

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.