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

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,120,000 shares, a drop of 39.5% from the February 28th total of 1,850,000 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 6,246,300 shares, the days-to-cover ratio is presently 0.2 days.

iShares Short Treasury Bond ETF Price Performance

NASDAQ:SHV traded up $0.02 during midday trading on Monday, hitting $110.47. The company’s stock had a trading volume of 8,092,125 shares, compared to its average volume of 6,869,812. iShares Short Treasury Bond ETF has a fifty-two week low of $109.91 and a fifty-two week high of $110.64. The firm’s 50 day moving average is $110.30 and its 200-day moving average is $110.30.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.3579 per share. The ex-dividend date was Monday, March 3rd.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

Several hedge funds have recently added to or reduced their stakes in SHV. Menard Financial Group LLC purchased a new stake in shares of iShares Short Treasury Bond ETF in the fourth quarter worth about $25,000. Transce3nd LLC purchased a new stake in iShares Short Treasury Bond ETF in the 4th quarter worth approximately $26,000. Glass Jacobson Investment Advisors llc grew its stake in shares of iShares Short Treasury Bond ETF by 55.5% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock worth $50,000 after purchasing an additional 162 shares during the period. Synergy Asset Management LLC purchased a new position in shares of iShares Short Treasury Bond ETF during the 4th quarter valued at approximately $51,000. Finally, BTG Pactual Asset Management US LLC purchased a new position in shares of iShares Short Treasury Bond ETF during the 4th quarter valued at approximately $55,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

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.