iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Sees Large Growth in Short Interest

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 21,200 shares, an increase of 417.1% from the October 15th total of 4,100 shares. Based on an average daily volume of 17,500 shares, the days-to-cover ratio is presently 1.2 days.

iShares iBonds Dec 2034 Term Treasury ETF Price Performance

NASDAQ:IBTP remained flat at $25.07 during trading hours on Thursday. 20,068 shares of the company’s stock traded hands, compared to its average volume of 650. iShares iBonds Dec 2034 Term Treasury ETF has a 1 year low of $24.90 and a 1 year high of $26.97. The stock has a 50 day moving average price of $25.93.

iShares iBonds Dec 2034 Term Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.0716 per share. The ex-dividend date was Friday, November 1st. This is an increase from iShares iBonds Dec 2034 Term Treasury ETF’s previous monthly dividend of $0.06. This represents a $0.86 annualized dividend and a yield of 3.43%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares iBonds Dec 2034 Term Treasury ETF stock. Atlantic Union Bankshares Corp purchased a new position in shares of iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 482,441 shares of the company’s stock, valued at approximately $12,745,000. Atlantic Union Bankshares Corp owned approximately 35.74% of iShares iBonds Dec 2034 Term Treasury ETF as of its most recent filing with the Securities and Exchange Commission (SEC).