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

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,210,000 shares, an increase of 53.5% from the February 13th total of 1,440,000 shares. Based on an average trading volume of 1,588,300 shares, the short-interest ratio is currently 1.4 days. Currently, 1.7% of the shares of the company are sold short.

iShares 3-7 Year Treasury Bond ETF Stock Performance

IEI stock traded down $0.29 during mid-day trading on Friday, hitting $117.25. The company had a trading volume of 3,752,502 shares, compared to its average volume of 1,734,997. iShares 3-7 Year Treasury Bond ETF has a 12 month low of $113.16 and a 12 month high of $120.33. The stock’s fifty day moving average price is $116.19 and its two-hundred day moving average price is $116.98.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.3038 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Trading of iShares 3-7 Year Treasury Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the third quarter valued at approximately $264,000. Nwam LLC raised its position in shares of iShares 3-7 Year Treasury Bond ETF by 96.4% in the fourth quarter. Nwam LLC now owns 12,542 shares of the company’s stock valued at $1,449,000 after purchasing an additional 6,156 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the third quarter valued at approximately $682,000. Principal Securities Inc. raised its position in shares of iShares 3-7 Year Treasury Bond ETF by 2.6% in the fourth quarter. Principal Securities Inc. now owns 6,712 shares of the company’s stock valued at $776,000 after purchasing an additional 172 shares during the period. Finally, Silverleafe Capital Partners LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the fourth quarter valued at approximately $1,829,000.

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).