Short Interest in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Rises By 24.6%

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 23,946,436 shares, a growth of 24.6% from the February 26th total of 19,221,948 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average daily trading volume, of 12,692,978 shares, the days-to-cover ratio is currently 1.9 days.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.3%

Shares of IEF stock traded down $0.27 during trading hours on Wednesday, reaching $95.17. 5,666,847 shares of the company’s stock were exchanged, compared to its average volume of 11,089,095. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.79 and a fifty-two week high of $98.04. The stock has a market capitalization of $46.48 billion, a P/E ratio of -22.00 and a beta of 0.26. The business has a fifty day moving average price of $96.21 and a 200-day moving average price of $96.51.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.2828 dividend. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On iShares 7-10 Year Treasury Bond ETF

Hedge funds have recently made changes to their positions in the stock. HUB Investment Partners LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 1.1% during the third quarter. HUB Investment Partners LLC now owns 9,448 shares of the exchange traded fund’s stock valued at $911,000 after buying an additional 104 shares during the period. Spirit of America Management Corp NY boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.7% during the 3rd quarter. Spirit of America Management Corp NY now owns 6,280 shares of the exchange traded fund’s stock worth $606,000 after acquiring an additional 105 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 0.3% during the 4th quarter. Stephens Inc. AR now owns 41,103 shares of the exchange traded fund’s stock worth $3,952,000 after acquiring an additional 107 shares in the last quarter. Fiduciary Alliance LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.4% during the 4th quarter. Fiduciary Alliance LLC now owns 7,935 shares of the exchange traded fund’s stock valued at $763,000 after acquiring an additional 110 shares during the period. Finally, GC Wealth Management RIA LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the 4th quarter. GC Wealth Management RIA LLC now owns 2,767 shares of the exchange traded fund’s stock valued at $266,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

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.