iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Short Interest Down 38.8% in February

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 608,647 shares, a drop of 38.8% from the February 12th total of 994,791 shares. Based on an average daily trading volume, of 1,431,063 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,431,063 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IEI. Vestmark Advisory Solutions Inc. purchased a new position in iShares 3-7 Year Treasury Bond ETF in the 2nd quarter valued at $387,000. Allworth Financial LP increased its stake in iShares 3-7 Year Treasury Bond ETF by 26.8% in the 2nd quarter. Allworth Financial LP now owns 16,894 shares of the company’s stock valued at $2,012,000 after buying an additional 3,573 shares during the period. Royal Harbor Partners LLC raised its position in iShares 3-7 Year Treasury Bond ETF by 3.3% during the 2nd quarter. Royal Harbor Partners LLC now owns 33,395 shares of the company’s stock worth $3,977,000 after buying an additional 1,052 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in iShares 3-7 Year Treasury Bond ETF by 10.6% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 257,518 shares of the company’s stock worth $30,602,000 after buying an additional 24,639 shares during the last quarter. Finally, King Wealth Management Group lifted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 5.0% in the 2nd quarter. King Wealth Management Group now owns 2,182 shares of the company’s stock worth $260,000 after acquiring an additional 103 shares during the period.

iShares 3-7 Year Treasury Bond ETF Stock Performance

IEI stock traded up $0.03 during trading on Friday, hitting $118.75. The company had a trading volume of 3,052,625 shares, compared to its average volume of 1,961,307. The firm has a 50-day moving average price of $119.49 and a 200-day moving average price of $119.61. iShares 3-7 Year Treasury Bond ETF has a 1-year low of $116.62 and a 1-year high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.3312 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, March 2nd.

About iShares 3-7 Year Treasury Bond ETF

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). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to three years and less than seven years. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.