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

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,300 shares, an increase of 103.8% from the February 29th total of 2,600 shares. Based on an average daily trading volume, of 56,700 shares, the short-interest ratio is presently 0.1 days.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

iShares iBonds Dec 2031 Term Treasury ETF stock traded down $0.02 during mid-day trading on Thursday, reaching $20.16. 13,836 shares of the company were exchanged, compared to its average volume of 56,630. The company has a fifty day simple moving average of $20.16 and a 200-day simple moving average of $19.97. iShares iBonds Dec 2031 Term Treasury ETF has a 12 month low of $19.02 and a 12 month high of $21.51.

iShares iBonds Dec 2031 Term Treasury ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, March 4th were issued a $0.0599 dividend. This represents a $0.72 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Friday, March 1st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IBTL. Comerica Bank grew its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 154.9% during the 4th quarter. Comerica Bank now owns 6,476 shares of the company’s stock valued at $133,000 after purchasing an additional 3,935 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in iShares iBonds Dec 2031 Term Treasury ETF in the 3rd quarter worth about $1,684,000. Atlantic Private Wealth LLC raised its position in iShares iBonds Dec 2031 Term Treasury ETF by 101.4% in the third quarter. Atlantic Private Wealth LLC now owns 43,069 shares of the company’s stock valued at $843,000 after purchasing an additional 21,685 shares during the last quarter. Finally, Private Trust Co. NA bought a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the third quarter worth about $25,000.

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.