Short Interest in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Grows By 18.1%

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 945,900 shares, a growth of 18.1% from the July 31st total of 800,900 shares. Based on an average trading volume of 1,620,300 shares, the days-to-cover ratio is presently 0.6 days.

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

Several hedge funds have recently added to or reduced their stakes in IEI. Cantor Fitzgerald Investment Advisor L.P lifted its stake in iShares 3-7 Year Treasury Bond ETF by 19.0% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 402,446 shares of the company’s stock valued at $49,118,000 after buying an additional 64,171 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 73.8% in the first quarter. Bank of New York Mellon Corp now owns 116,934 shares of the company’s stock worth $14,272,000 after acquiring an additional 49,670 shares in the last quarter. BlackRock Inc. increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 22.4% in the first quarter. BlackRock Inc. now owns 1,054,669 shares of the company’s stock worth $128,723,000 after acquiring an additional 192,872 shares in the last quarter. Mariner LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the first quarter worth about $1,537,000. Finally, Charles Schwab Investment Advisory Inc. increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 9.6% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 61,581 shares of the company’s stock worth $7,516,000 after acquiring an additional 5,414 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Down 0.0 %

Shares of IEI opened at $114.65 on Thursday. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $112.26 and a 12-month high of $119.57. The stock’s fifty day simple moving average is $114.84 and its 200-day simple moving average is $116.59.

iShares 3-7 Year Treasury Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 7th. Shareholders of record on Wednesday, August 2nd were paid a $0.2277 dividend. This represents a $2.73 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Tuesday, August 1st.

About iShares 3-7 Year Treasury Bond ETF

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).