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

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 1,270,000 shares, a growth of 101.3% from the October 31st total of 631,000 shares. Based on an average daily volume of 4,337,400 shares, the short-interest ratio is currently 0.3 days.

iShares Short Treasury Bond ETF Stock Performance

SHV traded up $0.05 on Friday, reaching $110.51. 3,015,367 shares of the stock were exchanged, compared to its average volume of 2,972,267. The company’s 50-day moving average price is $110.37 and its 200 day moving average price is $110.34. iShares Short Treasury Bond ETF has a fifty-two week low of $109.85 and a fifty-two week high of $110.64.

iShares Short Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.4668 dividend. This is an increase from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47. This represents a $5.60 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capstone Wealth Management Group LLC grew its position in iShares Short Treasury Bond ETF by 19.2% during the second quarter. Capstone Wealth Management Group LLC now owns 110,156 shares of the company’s stock valued at $12,172,000 after buying an additional 17,721 shares during the period. Vontobel Holding Ltd. acquired a new stake in shares of iShares Short Treasury Bond ETF during the 3rd quarter valued at about $519,000. Daymark Wealth Partners LLC raised its holdings in iShares Short Treasury Bond ETF by 7.6% in the 3rd quarter. Daymark Wealth Partners LLC now owns 2,467 shares of the company’s stock worth $273,000 after purchasing an additional 174 shares during the period. J. W. Coons Advisors LLC raised its holdings in iShares Short Treasury Bond ETF by 23.1% in the 2nd quarter. J. W. Coons Advisors LLC now owns 10,210 shares of the company’s stock worth $1,128,000 after purchasing an additional 1,915 shares during the period. Finally, American Investment Services Inc. purchased a new position in iShares Short Treasury Bond ETF during the second quarter worth approximately $3,217,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Company Profile

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.