Short Interest in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Declines By 26.2%

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,630,000 shares, a decline of 26.2% from the February 28th total of 2,210,000 shares. Based on an average trading volume of 1,711,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.2% of the shares of the company are short sold.

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

Several large investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the third quarter valued at approximately $264,000. Nwam LLC increased its holdings in iShares 3-7 Year Treasury Bond ETF by 96.4% in the 4th quarter. Nwam LLC now owns 12,542 shares of the company’s stock valued at $1,449,000 after buying an additional 6,156 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 3rd quarter valued at $682,000. Principal Securities Inc. lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 2.6% during the 4th quarter. Principal Securities Inc. now owns 6,712 shares of the company’s stock worth $776,000 after acquiring an additional 172 shares during the period. Finally, Silverleafe Capital Partners LLC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the 4th quarter worth about $1,829,000.

iShares 3-7 Year Treasury Bond ETF Price Performance

iShares 3-7 Year Treasury Bond ETF stock traded down $0.13 during mid-day trading on Tuesday, reaching $118.01. The company had a trading volume of 2,056,049 shares, compared to its average volume of 1,737,650. The company has a 50 day moving average of $116.71 and a 200-day moving average of $116.83. iShares 3-7 Year Treasury Bond ETF has a 52 week low of $113.16 and a 52 week high of $120.33.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, April 1st will be given a dividend of $0.3417 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.33. This represents a $4.10 dividend on an annualized basis and a yield of 3.47%.

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).