Short Interest in iShares Short Treasury Bond ETF (NASDAQ:SHV) Grows By 101.3%

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,270,000 shares, an increase of 101.3% from the October 31st total of 631,000 shares. Based on an average daily volume of 4,337,400 shares, the days-to-cover ratio is currently 0.3 days.

iShares Short Treasury Bond ETF Stock Up 0.0 %

Shares of NASDAQ:SHV traded up $0.05 during trading on Friday, hitting $110.51. 3,015,367 shares of the company’s stock were exchanged, compared to its average volume of 2,972,267. The firm has a 50-day moving average price of $110.37 and a two-hundred day moving average price of $110.34. iShares Short Treasury Bond ETF has a 1-year low of $109.85 and a 1-year high of $110.64.

iShares Short Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.4668 per share. This is a boost from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.60 annualized dividend and a dividend yield of 5.07%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in iShares Short Treasury Bond ETF during the 2nd quarter worth approximately $40,000. Benjamin F. Edwards & Company Inc. bought a new position in iShares Short Treasury Bond ETF in the second quarter valued at approximately $43,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of iShares Short Treasury Bond ETF in the second quarter valued at approximately $48,000. MidAtlantic Capital Management Inc. bought a new stake in shares of iShares Short Treasury Bond ETF during the third quarter worth $48,000. Finally, Glass Jacobson Investment Advisors llc increased its position in shares of iShares Short Treasury Bond ETF by 55.5% during the third quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock worth $50,000 after acquiring an additional 162 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

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.