iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Short Interest Update

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 60,100 shares, a drop of 20.7% from the February 28th total of 75,800 shares. Based on an average daily volume of 257,400 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

iShares iBonds Dec 2029 Term Treasury ETF Stock Down 0.2 %

IBTJ stock traded down $0.04 during trading on Tuesday, reaching $21.73. 186,537 shares of the company were exchanged, compared to its average volume of 136,680. iShares iBonds Dec 2029 Term Treasury ETF has a 52-week low of $20.95 and a 52-week high of $22.22. The stock’s 50 day moving average price is $21.53 and its 200 day moving average price is $21.56.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.0719 per share. This represents a $0.86 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Tuesday, April 1st. This is an increase from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Treasury ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBTJ. Confluence Investment Management LLC raised its position in iShares iBonds Dec 2029 Term Treasury ETF by 48.2% during the first quarter. Confluence Investment Management LLC now owns 534,836 shares of the company’s stock worth $11,643,000 after acquiring an additional 173,935 shares during the last quarter. Captrust Financial Advisors lifted its stake in iShares iBonds Dec 2029 Term Treasury ETF by 204.1% in the 4th quarter. Captrust Financial Advisors now owns 49,490 shares of the company’s stock valued at $1,055,000 after buying an additional 33,214 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in iShares iBonds Dec 2029 Term Treasury ETF during the 4th quarter valued at $797,000. Baird Financial Group Inc. purchased a new position in iShares iBonds Dec 2029 Term Treasury ETF during the fourth quarter worth $664,000. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 43.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 48,000 shares of the company’s stock worth $1,024,000 after acquiring an additional 14,503 shares during the last quarter.

About iShares iBonds Dec 2029 Term Treasury ETF

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.