Short Interest in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Declines By 34.1%

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 754,122 shares, a drop of 34.1% from the December 15th total of 1,143,705 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 1,456,703 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 1,456,703 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares 3-7 Year Treasury Bond ETF

Several institutional investors have recently made changes to their positions in the company. Beacon Capital Management LLC lifted its stake in iShares 3-7 Year Treasury Bond ETF by 102.9% in the second quarter. Beacon Capital Management LLC now owns 211 shares of the company’s stock worth $25,000 after acquiring an additional 107 shares during the period. Avion Wealth boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 111.8% during the second quarter. Avion Wealth now owns 216 shares of the company’s stock valued at $25,000 after purchasing an additional 114 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the second quarter valued at approximately $25,000. Asset Dedication LLC purchased a new position in iShares 3-7 Year Treasury Bond ETF during the third quarter valued at approximately $28,000. Finally, LRI Investments LLC raised its stake in iShares 3-7 Year Treasury Bond ETF by 231.1% in the second quarter. LRI Investments LLC now owns 245 shares of the company’s stock worth $29,000 after buying an additional 171 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Down 0.2%

Shares of NASDAQ IEI traded down $0.21 during trading hours on Friday, reaching $119.08. The stock had a trading volume of 1,764,439 shares, compared to its average volume of 1,745,174. iShares 3-7 Year Treasury Bond ETF has a 52-week low of $115.18 and a 52-week high of $120.43. The business’s fifty day moving average price is $119.56 and its two-hundred day moving average price is $119.33.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a $0.3711 dividend. The ex-dividend date was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 3.7%. This is a positive change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.35.

iShares 3-7 Year Treasury Bond ETF Company Profile

iShares 3-7 Year Treasury Bond ETF (the Fund), formerly iShares Barclays 3-7 Year Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to three years and less than seven years. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.