Investors Buy Large Volume of iShares 1-3 Year Treasury Bond ETF Put Options (NASDAQ:SHY)

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 28,172 put options on the company. Thisisanincreaseof15,211% compared to the average volume of 184 put options.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 11,669 shares of the company’s stock worth $965,000 after buying an additional 351 shares during the period. Golden State Wealth Management LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 176.5% during the 1st quarter. Golden State Wealth Management LLC now owns 1,023 shares of the company’s stock valued at $85,000 after purchasing an additional 653 shares during the last quarter. Investment Advisory Group LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 5.3% during the 1st quarter. Investment Advisory Group LLC now owns 34,147 shares of the company’s stock valued at $2,825,000 after purchasing an additional 1,723 shares during the last quarter. IFP Advisors Inc grew its position in iShares 1-3 Year Treasury Bond ETF by 5.9% during the 1st quarter. IFP Advisors Inc now owns 12,807 shares of the company’s stock valued at $1,059,000 after purchasing an additional 716 shares during the last quarter. Finally, Alliance Wealth Management Group grew its position in iShares 1-3 Year Treasury Bond ETF by 3.0% during the 1st quarter. Alliance Wealth Management Group now owns 5,530 shares of the company’s stock valued at $457,000 after purchasing an additional 163 shares during the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $82.85 on Friday. The firm’s 50-day moving average price is $82.59 and its 200-day moving average price is $82.50. The company has a market capitalization of $23.43 billion, a PE ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.67 and a 1-year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Friday, August 1st were given a $0.2698 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

About iShares 1-3 Year Treasury Bond ETF

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.