iShares Short Treasury Bond ETF (NYSE:SHV) Stock Short Interest Rises 170.7%

iShares Short Treasury Bond ETF (NYSE:SHV) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 6,019,659 shares, a growth of 170.7% from the September 15th total of 2,223,877 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average trading volume of 4,634,515 shares, the days-to-cover ratio is currently 1.3 days.

iShares Short Treasury Bond ETF Stock Performance

SHV stock traded up $0.01 during midday trading on Tuesday, reaching $110.18. The company’s stock had a trading volume of 2,958,635 shares, compared to its average volume of 2,938,169. iShares Short Treasury Bond ETF has a 1 year low of $109.86 and a 1 year high of $110.50. The stock has a fifty day simple moving average of $110.20 and a two-hundred day simple moving average of $110.22.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHV. Bank of New Hampshire acquired a new stake in iShares Short Treasury Bond ETF during the third quarter worth about $28,000. Evergreen Advisors LLC acquired a new stake in shares of iShares Short Treasury Bond ETF during the 1st quarter worth approximately $43,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of iShares Short Treasury Bond ETF during the 2nd quarter worth approximately $58,000. Bessemer Group Inc. purchased a new position in shares of iShares Short Treasury Bond ETF during the 1st quarter valued at approximately $76,000. Finally, Continuum Advisory LLC purchased a new position in shares of iShares Short Treasury Bond ETF during the 2nd quarter valued at approximately $97,000. Institutional investors own 7.10% of the company’s stock.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.