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iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI – Get Rating) saw a significant decline in short interest in the month of December. As of December 30th, there was short interest totalling 1,760,000 shares, a decline of 21.4% from the December 15th total of 2,240,000 shares. Based on an average daily trading volume, of 1,339,600 shares, the days-to-cover ratio is presently 1.3 days.
Institutional Investors Weigh In On iShares 3-7 Year Treasury Bond ETF
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A number of hedge funds have recently bought and sold shares of IEI. Cantor Fitzgerald Investment Advisor L.P raised its stake in iShares 3-7 Year Treasury Bond ETF by 19.0% during 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 purchasing an additional 64,171 shares in the last quarter. Bank of New York Mellon Corp raised its stake in iShares 3-7 Year Treasury Bond ETF by 73.8% during the first quarter. Bank of New York Mellon Corp now owns 116,934 shares of the company’s stock valued at $14,272,000 after purchasing an additional 49,670 shares in the last quarter. BlackRock Inc. raised its stake in iShares 3-7 Year Treasury Bond ETF by 22.4% during the first quarter. BlackRock Inc. now owns 1,054,669 shares of the company’s stock valued at $128,723,000 after purchasing an additional 192,872 shares in the last quarter. Mariner LLC purchased a new stake in iShares 3-7 Year Treasury Bond ETF during the first quarter valued at $1,537,000. Finally, Charles Schwab Investment Advisory Inc. raised its stake in iShares 3-7 Year Treasury Bond ETF by 9.6% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 61,581 shares of the company’s stock valued at $7,516,000 after purchasing an additional 5,414 shares in the last quarter.
iShares 3-7 Year Treasury Bond ETF Stock Down 0.2 %
Shares of NASDAQ:IEI opened at $117.80 on Friday. iShares 3-7 Year Treasury Bond ETF has a 1-year low of $112.26 and a 1-year high of $127.47. The firm’s 50 day simple moving average is $115.90 and its two-hundred day simple moving average is $116.53.
iShares 3-7 Year Treasury Bond ETF Increases Dividend
The business also recently announced a monthly dividend, which was paid on Wednesday, December 21st. Stockholders of record on Friday, December 16th were issued a $0.192 dividend. This represents a $2.30 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, December 15th. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.18.
iShares 3-7 Year Treasury Bond ETF Company Profile
(Get Rating)
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).
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