Short Interest in iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) Increases By 1,083.3%

iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 14,200 shares, an increase of 1,083.3% from the May 31st total of 1,200 shares. Based on an average daily volume of 54,900 shares, the days-to-cover ratio is presently 0.3 days.

iShares iBonds Dec 2033 Term Treasury ETF Stock Performance

Shares of NASDAQ:IBTO opened at $24.00 on Friday. The business has a 50 day moving average price of $23.84 and a 200 day moving average price of $24.15. iShares iBonds Dec 2033 Term Treasury ETF has a twelve month low of $22.81 and a twelve month high of $25.11.

iShares iBonds Dec 2033 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were given a $0.0862 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.03 dividend on an annualized basis and a dividend yield of 4.31%.

Institutional Trading of iShares iBonds Dec 2033 Term Treasury ETF

A number of hedge funds have recently modified their holdings of IBTO. Atlantic Union Bankshares Corp bought a new stake in shares of iShares iBonds Dec 2033 Term Treasury ETF in the 4th quarter worth approximately $17,568,000. Exchange Capital Management Inc. bought a new stake in shares of iShares iBonds Dec 2033 Term Treasury ETF in the 1st quarter worth approximately $1,194,000. Finally, American National Bank & Trust Co. VA bought a new stake in shares of iShares iBonds Dec 2033 Term Treasury ETF in the 1st quarter worth approximately $1,183,000.

About iShares iBonds Dec 2033 Term Treasury ETF

The iShares iBonds Dec 2033 Term Treasury ETF (IBTO) is an exchange-traded fund that is based on the ICE 2033 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2033. The fund will terminate in December 2033. IBTO was launched on Jun 27, 2023 and is managed by BlackRock.