iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Large Drop in Short Interest

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 616,600 shares, a decrease of 27.0% from the August 31st total of 844,200 shares. Based on an average daily trading volume, of 2,739,400 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 2,739,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

A number of hedge funds have recently added to or reduced their stakes in SHV. Garrison Bradford & Associates Inc. acquired a new stake in shares of iShares Short Treasury Bond ETF during the 1st quarter worth approximately $55,000. Elevation Point Wealth Partners LLC acquired a new position in shares of iShares Short Treasury Bond ETF during the second quarter valued at about $55,000. Atlantic Union Bankshares Corp acquired a new position in shares of iShares Short Treasury Bond ETF during the second quarter valued at about $56,000. Stone House Investment Management LLC acquired a new position in shares of iShares Short Treasury Bond ETF during the first quarter valued at about $68,000. Finally, Wayfinding Financial LLC acquired a new position in shares of iShares Short Treasury Bond ETF during the first quarter valued at about $71,000. 7.10% of the stock is currently owned by institutional investors.

iShares Short Treasury Bond ETF Stock Up 0.0%

Shares of SHV opened at $110.20 on Wednesday. The firm’s fifty day simple moving average is $110.30 and its two-hundred day simple moving average is $110.28. iShares Short Treasury Bond ETF has a 12 month low of $109.91 and a 12 month high of $110.57.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a $0.3674 dividend. The ex-dividend date was Wednesday, October 1st.

iShares Short Treasury Bond ETF Company Profile

iShares Short Treasury Bond ETF (the Fund), formerly iShares Barclays Short Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the Barclays Capital U.S. Short Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of between 1 and 12 months.