iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Sees Large Increase in Short Interest

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,070,561 shares, a growth of 75.4% from the June 30th total of 1,751,063 shares. Based on an average daily volume of 1,202,085 shares, the short-interest ratio is presently 2.6 days. Approximately 2.0% of the shares of the stock are sold short.

iShares 3-7 Year Treasury Bond ETF Stock Up 0.1%

IEI stock traded up $0.07 during trading on Thursday, reaching $116.64. 822,925 shares of the company were exchanged, compared to its average volume of 1,732,264. The stock’s 50 day moving average price is $117.04 and its 200 day moving average price is $118.21. iShares 3-7 Year Treasury Bond ETF has a 52-week low of $116.07 and a 52-week high of $120.78.

iShares 3-7 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.3625 per share. The ex-dividend date was Wednesday, July 1st.

Institutional Investors Weigh In On iShares 3-7 Year Treasury Bond ETF

Institutional investors have recently modified their holdings of the company. Country Trust Bank acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the 4th quarter worth approximately $25,000. Howe & Rusling Inc. raised its holdings in iShares 3-7 Year Treasury Bond ETF by 111.0% during the first quarter. Howe & Rusling Inc. now owns 211 shares of the company’s stock worth $25,000 after purchasing an additional 111 shares during the last quarter. Cardinal Strategic Wealth Guidance acquired a new position in iShares 3-7 Year Treasury Bond ETF during the first quarter worth $25,000. Kingdom Financial Group LLC. acquired a new position in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth $26,000. Finally, Key Capital Management INC purchased a new stake in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth $28,000.

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.