Short Interest in iShares Short Treasury Bond ETF (NASDAQ:SHV) Grows By 89.0%

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,600,000 shares, a growth of 89.0% from the December 15th total of 846,500 shares. Based on an average daily volume of 3,597,900 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

Several large investors have recently modified their holdings of SHV. Trilogy Capital Inc. grew its holdings in iShares Short Treasury Bond ETF by 1.5% in the third quarter. Trilogy Capital Inc. now owns 6,326 shares of the company’s stock worth $700,000 after purchasing an additional 92 shares during the period. Fortis Advisors LLC grew its holdings in iShares Short Treasury Bond ETF by 1.3% in the third quarter. Fortis Advisors LLC now owns 7,736 shares of the company’s stock worth $856,000 after purchasing an additional 99 shares during the period. Destination Wealth Management grew its holdings in iShares Short Treasury Bond ETF by 0.9% in the third quarter. Destination Wealth Management now owns 10,667 shares of the company’s stock worth $1,180,000 after purchasing an additional 100 shares during the period. KWB Wealth lifted its stake in shares of iShares Short Treasury Bond ETF by 1.3% in the third quarter. KWB Wealth now owns 8,421 shares of the company’s stock valued at $931,000 after buying an additional 107 shares in the last quarter. Finally, Voya Financial Advisors Inc. lifted its stake in shares of iShares Short Treasury Bond ETF by 1.9% in the third quarter. Voya Financial Advisors Inc. now owns 5,867 shares of the company’s stock valued at $649,000 after buying an additional 111 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Stock Performance

Shares of NASDAQ SHV traded up $0.01 during midday trading on Tuesday, reaching $110.26. 8,143,376 shares of the company were exchanged, compared to its average volume of 4,954,677. The stock’s 50-day moving average price is $110.22 and its 200-day moving average price is $110.31. iShares Short Treasury Bond ETF has a one year low of $109.91 and a one year high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.4268 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Wednesday, December 18th.

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.