iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Sees Significant Growth in Short Interest

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 23,300,000 shares, a growth of 10.0% from the June 30th total of 21,180,000 shares. Based on an average daily trading volume, of 6,032,200 shares, the days-to-cover ratio is presently 3.9 days.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEF traded up $0.08 on Tuesday, hitting $95.25. 188,867 shares of the company’s stock were exchanged, compared to its average volume of 7,558,800. The firm’s 50-day moving average is $93.90 and its 200 day moving average is $93.81. The company has a market capitalization of $29.41 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $88.86 and a 1-year high of $97.11.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued a $0.2851 dividend. This represents a $3.42 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Monday, July 1st.

Institutional Investors Weigh In On iShares 7-10 Year Treasury Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.5% in the fourth quarter. Fisher Asset Management LLC now owns 9,734,650 shares of the exchange traded fund’s stock valued at $938,323,000 after acquiring an additional 504,860 shares during the period. Raymond James & Associates boosted its stake in iShares 7-10 Year Treasury Bond ETF by 4.6% during the 2nd quarter. Raymond James & Associates now owns 6,346,855 shares of the exchange traded fund’s stock worth $594,383,000 after purchasing an additional 281,554 shares during the period. Captrust Financial Advisors grew its position in iShares 7-10 Year Treasury Bond ETF by 11.8% during the 1st quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock worth $595,656,000 after purchasing an additional 662,293 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 9.7% during the first quarter. Blue Trust Inc. now owns 4,899,206 shares of the exchange traded fund’s stock worth $463,759,000 after buying an additional 433,840 shares during the last quarter. Finally, Nationwide Fund Advisors increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.4% in the second quarter. Nationwide Fund Advisors now owns 2,846,562 shares of the exchange traded fund’s stock valued at $266,581,000 after purchasing an additional 12,231 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Company Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S.