iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Sees Significant Growth in Short Interest

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 2,190,000 shares, an increase of 93.8% from the August 31st total of 1,130,000 shares. Based on an average trading volume of 1,471,800 shares, the short-interest ratio is currently 1.5 days.

Hedge Funds Weigh In On iShares 3-7 Year Treasury Bond ETF

Several institutional investors have recently modified their holdings of IEI. 9258 Wealth Management LLC lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 4.3% during the fourth quarter. 9258 Wealth Management LLC now owns 39,469 shares of the company’s stock worth $4,623,000 after acquiring an additional 1,610 shares during the period. Strategic Point Investment Advisors LLC increased its position in shares of iShares 3-7 Year Treasury Bond ETF by 62.0% during the 4th quarter. Strategic Point Investment Advisors LLC now owns 375,589 shares of the company’s stock valued at $43,993,000 after purchasing an additional 143,690 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 31.8% in the 4th quarter. Advisory Services Network LLC now owns 5,129 shares of the company’s stock worth $601,000 after buying an additional 1,238 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in iShares 3-7 Year Treasury Bond ETF by 229.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,279 shares of the company’s stock valued at $384,000 after buying an additional 2,283 shares during the period. Finally, Adams Wealth Management purchased a new stake in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth about $441,000.

iShares 3-7 Year Treasury Bond ETF Stock Up 0.3 %

Shares of IEI traded up $0.34 during trading hours on Friday, reaching $119.92. 1,808,389 shares of the stock traded hands, compared to its average volume of 1,594,947. iShares 3-7 Year Treasury Bond ETF has a 52 week low of $111.45 and a 52 week high of $120.33. The stock has a fifty day simple moving average of $118.76 and a 200 day simple moving average of $116.30.

iShares 3-7 Year Treasury Bond ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.3197 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

About iShares 3-7 Year Treasury Bond ETF

iShares 3-7 Year Treasury Bond ETF (the Fund), formerly iShares Barclays 3-7 Year Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index (the Index).