iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Short Interest Down 19.0% in December

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 19,626,727 shares, a drop of 19.0% from the December 15th total of 24,234,794 shares. Approximately 4.1% of the shares of the company are short sold. Based on an average daily volume of 5,373,080 shares, the short-interest ratio is currently 3.7 days. Based on an average daily volume of 5,373,080 shares, the short-interest ratio is currently 3.7 days. Approximately 4.1% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares 7-10 Year Treasury Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $27,000. Asset Dedication LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $29,000. Balentine LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 249.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 222 shares during the period. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.4%

IEF traded down $0.37 on Monday, reaching $95.93. The company had a trading volume of 11,979,328 shares, compared to its average volume of 8,436,902. The company has a market capitalization of $45.90 billion, a P/E ratio of -22.00 and a beta of 0.26. The company has a fifty day moving average of $96.56 and a 200-day moving average of $96.21. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.08 and a one year high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.3127 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, December 19th.

iShares 7-10 Year Treasury Bond ETF Company Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.