iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) Sees Large Drop in Short Interest

iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTEGet Rating) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 21,600 shares, a decrease of 74.7% from the May 15th total of 85,300 shares. Based on an average daily volume of 119,800 shares, the short-interest ratio is currently 0.2 days.

Shares of IBTE opened at $24.36 on Friday. iShares iBonds Dec 2024 Term Treasury ETF has a 12 month low of $24.34 and a 12 month high of $25.81. The stock has a fifty day moving average price of $24.53 and a 200-day moving average price of $24.95.

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 7th. Shareholders of record on Thursday, June 2nd were paid a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This is a boost from iShares iBonds Dec 2024 Term Treasury ETF’s previous monthly dividend of $0.02. This represents a $0.42 dividend on an annualized basis and a yield of 1.72%.

Hedge funds have recently modified their holdings of the company. Confluence Investment Management LLC lifted its position in iShares iBonds Dec 2024 Term Treasury ETF by 2.3% during the 1st quarter. Confluence Investment Management LLC now owns 499,401 shares of the company’s stock worth $12,310,000 after acquiring an additional 11,201 shares during the period. Capital Investment Advisors LLC acquired a new position in iShares iBonds Dec 2024 Term Treasury ETF during the first quarter valued at $7,805,000. Eldridge Investment Advisors Inc. raised its stake in shares of iShares iBonds Dec 2024 Term Treasury ETF by 59.0% during the 1st quarter. Eldridge Investment Advisors Inc. now owns 59,000 shares of the company’s stock valued at $1,454,000 after buying an additional 21,900 shares during the last quarter. NewEdge Advisors LLC purchased a new position in iShares iBonds Dec 2024 Term Treasury ETF during the first quarter valued at approximately $405,000. Finally, Flow Traders U.S. LLC acquired a new position in iShares iBonds Dec 2024 Term Treasury ETF in the first quarter valued at approximately $369,000.

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