The iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ: IBTP) has reported a significant drop in short interest for the month of December 2023. As of December 15, short interest totaled 9,273 shares, representing a decline of 24.8% from the total of 12,324 shares recorded on November 30. With an average trading volume of 50,861 shares, the current days-to-cover ratio stands at 0.2 days, indicating that only 0.1% of the ETF’s shares are short sold.
Investments in the iShares iBonds Dec 2034 ETF have been dynamic, with several institutional investors making notable changes to their holdings. For instance, Atlantic Union Bankshares Corp increased its stake by 8.7% during the second quarter, now holding 789,078 shares valued at approximately $20.3 million after acquiring an additional 63,360 shares. Furthermore, Atlantic Private Wealth LLC raised its holdings by 24.4% in the third quarter, bringing its total to 219,045 shares worth around $5.7 million.
Other significant investments include Thoroughbred Financial Services LLC, which acquired a new stake valued at approximately $233,000, and Flow Traders U.S. LLC, which also entered with a new stake worth about $389,000 during the same quarter. Additionally, United Capital Financial Advisors LLC saw a 43.6% increase in its stake, now owning 60,275 shares valued at approximately $1.6 million after purchasing an additional 18,300 shares.
Current Market Performance
As of the latest trading session, the iShares iBonds Dec 2034 ETF opened at $25.81. The stock has a fifty-day moving average price of $25.97 and a two-hundred day moving average price of $25.80. Over the past year, the ETF has experienced a low of $24.43 and a high of $26.26.
In addition to these developments, the ETF has announced a reduction in its dividend, a move that may raise concerns among investors regarding its future returns.
About iShares iBonds Dec 2034 Term Treasury ETF
The iShares iBonds Dec 2034 Term Treasury ETF (IBTP) is an exchange-traded fund managed by BlackRock and designed to track the ICE 2034 Maturity US Treasury index. This fund invests in U.S. Treasury bonds that are set to mature between January and December 2034, and it is scheduled to terminate in December 2034. Launched on June 11, 2024, IBTP aims to provide investors with exposure to U.S. government debt with a defined maturity.
In conclusion, the significant decrease in short interest indicates a potential shift in market sentiment towards the iShares iBonds Dec 2034 ETF, reflecting broader trends in institutional investment and market performance.
