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

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,010,000 shares, a growth of 6.8% from the August 15th total of 945,900 shares. Based on an average daily trading volume, of 1,669,600 shares, the days-to-cover ratio is presently 0.6 days.

iShares 3-7 Year Treasury Bond ETF Trading Down 0.2 %

iShares 3-7 Year Treasury Bond ETF stock traded down $0.25 during trading on Tuesday, hitting $113.46. 1,734,784 shares of the company were exchanged, compared to its average volume of 1,772,385. The business’s 50 day moving average is $114.57 and its 200 day moving average is $116.19. iShares 3-7 Year Treasury Bond ETF has a 52 week low of $112.26 and a 52 week high of $119.57.

iShares 3-7 Year Treasury Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, September 5th were issued a dividend of $0.2316 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $2.78 annualized dividend and a yield of 2.45%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IEI. Bank Julius Baer & Co. Ltd Zurich grew its stake in iShares 3-7 Year Treasury Bond ETF by 103,267.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,976,315,961 shares of the company’s stock valued at $227,790,178,000 after purchasing an additional 1,974,404,032 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 924.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,260,950 shares of the company’s stock worth $275,948,000 after acquiring an additional 2,040,151 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 14,820.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,805,073 shares of the company’s stock worth $215,417,000 after acquiring an additional 1,792,975 shares during the period. Cerity Partners LLC grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 10,379.9% during the 2nd quarter. Cerity Partners LLC now owns 1,273,936 shares of the company’s stock worth $146,834,000 after acquiring an additional 1,261,780 shares during the period. Finally, Charles Schwab Investment Advisory Inc. grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 73.7% during the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 2,855,797 shares of the company’s stock worth $328,103,000 after acquiring an additional 1,211,356 shares during the period.

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).