Short Interest in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Drops By 7.4%

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 1,120,000 shares, a decrease of 7.4% from the June 30th total of 1,210,000 shares. Based on an average trading volume of 1,232,300 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On iShares 3-7 Year Treasury Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC raised its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 75.6% during the fourth quarter. Cerity Partners LLC now owns 2,229,435 shares of the company’s stock valued at $261,134,000 after purchasing an additional 960,139 shares during the last quarter. Jane Street Group LLC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the 1st quarter valued at $54,070,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 4th quarter worth $48,111,000. International Assets Investment Management LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the fourth quarter worth $37,384,000. Finally, UBS Group AG increased its position in iShares 3-7 Year Treasury Bond ETF by 13.8% during the fourth quarter. UBS Group AG now owns 1,823,656 shares of the company’s stock valued at $213,605,000 after acquiring an additional 220,709 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Trading Up 0.5 %

Shares of NASDAQ:IEI traded up $0.57 on Wednesday, hitting $117.67. The company had a trading volume of 1,605,142 shares, compared to its average volume of 1,559,646. The firm’s 50-day simple moving average is $115.61 and its two-hundred day simple moving average is $115.39. iShares 3-7 Year Treasury Bond ETF has a 1 year low of $111.45 and a 1 year high of $117.79.

iShares 3-7 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued a dividend of $0.3012 per share. This represents a $3.61 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, July 1st.

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).