Short Interest in iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Drops By 36.4%

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 97,700 shares, a decline of 36.4% from the December 15th total of 153,700 shares. Based on an average daily volume of 265,700 shares, the days-to-cover ratio is presently 0.4 days.

iShares iBonds Dec 2028 Term Treasury ETF Stock Down 0.1 %

Shares of IBTI traded down $0.02 during midday trading on Friday, reaching $21.91. 256,848 shares of the stock were exchanged, compared to its average volume of 276,572. The firm has a 50 day simple moving average of $21.93 and a 200-day simple moving average of $22.13. iShares iBonds Dec 2028 Term Treasury ETF has a 12-month low of $21.47 and a 12-month high of $22.61.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.0676 dividend. The ex-dividend date was Wednesday, December 18th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IBTI. PSI Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter valued at $42,000. Pinnacle Bancorp Inc. bought a new position in iShares iBonds Dec 2028 Term Treasury ETF during the third quarter valued at about $225,000. Lbmc Investment Advisors LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter worth about $231,000. Heartland Bank & Trust Co acquired a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 3rd quarter valued at about $269,000. Finally, Cary Street Partners Asset Management LLC bought a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 3rd quarter valued at approximately $294,000.

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.