iShares Short Treasury Bond ETF (NASDAQ:SHV) Short Interest Down 32.6% in August

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 465,600 shares, a drop of 32.6% from the August 15th total of 690,400 shares. Based on an average trading volume of 2,854,300 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in iShares Short Treasury Bond ETF in the second quarter valued at approximately $4,276,000. Heritage Oak Wealth Advisors LLC acquired a new stake in iShares Short Treasury Bond ETF in the second quarter valued at approximately $1,466,000. Cetera Investment Advisers boosted its stake in iShares Short Treasury Bond ETF by 17.3% in the second quarter. Cetera Investment Advisers now owns 544,432 shares of the company’s stock valued at $60,160,000 after acquiring an additional 80,165 shares in the last quarter. Heartland Bank & Trust Co boosted its stake in iShares Short Treasury Bond ETF by 4.1% in the second quarter. Heartland Bank & Trust Co now owns 51,182 shares of the company’s stock valued at $5,656,000 after acquiring an additional 2,006 shares in the last quarter. Finally, Ted Buchan & Co acquired a new stake in iShares Short Treasury Bond ETF in the second quarter valued at approximately $633,000. 7.10% of the stock is currently owned by institutional investors.

iShares Short Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHV traded up $0.06 during trading on Friday, reaching $110.37. 2,626,018 shares of the company were exchanged, compared to its average volume of 2,544,703. The business’s fifty day simple moving average is $110.34 and its 200-day simple moving average is $110.30. iShares Short Treasury Bond ETF has a 12-month low of $109.85 and a 12-month high of $110.61.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.4755 per share. The ex-dividend date was Tuesday, September 3rd.

About iShares Short Treasury Bond ETF

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.