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

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 10,980,000 shares, an increase of 34.4% from the February 13th total of 8,170,000 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average trading volume of 6,129,200 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IEF. Logan Capital Management Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $25,000. Montag A & Associates Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 160 shares during the period. BankPlus Trust Department bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $31,000. Wood Tarver Financial Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $37,000. Finally, Park Square Financial Group LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $37,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock traded up $0.08 during trading hours on Monday, hitting $94.56. The company had a trading volume of 6,733,480 shares, compared to its average volume of 6,858,725. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The firm’s fifty day moving average is $93.28 and its 200 day moving average is $94.62. The firm has a market capitalization of $32.58 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.2754 per share. The ex-dividend date was Monday, March 3rd.

About iShares 7-10 Year Treasury Bond ETF

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.