iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Significant Growth in Short Interest

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,688,106 shares, a growth of 51.7% from the January 29th total of 1,112,519 shares. Based on an average daily volume of 3,285,581 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.9% of the company’s shares are short sold. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 3,285,581 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPL Wealth Management LLC acquired a new position in shares of iShares Short Treasury Bond ETF in the 3rd quarter valued at $26,000. Godfrey Financial Associates Inc. acquired a new stake in shares of iShares Short Treasury Bond ETF during the 4th quarter worth $35,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of iShares Short Treasury Bond ETF during the 4th quarter worth $39,000. International Assets Investment Management LLC purchased a new position in shares of iShares Short Treasury Bond ETF in the 4th quarter worth $43,000. Finally, Simplex Trading LLC boosted its holdings in iShares Short Treasury Bond ETF by 271.0% in the fourth quarter. Simplex Trading LLC now owns 397 shares of the company’s stock valued at $44,000 after acquiring an additional 290 shares during the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Price Performance

Shares of NASDAQ:SHV opened at $110.40 on Friday. The stock’s 50-day moving average price is $110.24 and its two-hundred day moving average price is $110.29. iShares Short Treasury Bond ETF has a 12-month low of $110.02 and a 12-month high of $110.50.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.342 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.