iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Short Interest Down 21.2% in January

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 12,606,078 shares, a decline of 21.2% from the January 15th total of 16,007,603 shares. Based on an average daily trading volume, of 5,163,337 shares, the short-interest ratio is presently 2.4 days. Currently, 4.3% of the company’s stock are sold short. Currently, 4.3% of the company’s stock are sold short. Based on an average daily trading volume, of 5,163,337 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MGO One Seven LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $304,000. Allianz Asset Management GmbH purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth approximately $3,300,000. Aspiriant LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 70.2% in the second quarter. Aspiriant LLC now owns 12,722 shares of the company’s stock valued at $1,054,000 after purchasing an additional 5,249 shares in the last quarter. Salomon & Ludwin LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 11.2% during the second quarter. Salomon & Ludwin LLC now owns 134,880 shares of the company’s stock valued at $11,133,000 after buying an additional 13,622 shares during the last quarter. Finally, Journey Advisory Group LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 39.9% during the second quarter. Journey Advisory Group LLC now owns 21,053 shares of the company’s stock worth $1,744,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock traded up $0.13 during mid-day trading on Friday, reaching $83.06. The stock had a trading volume of 3,563,876 shares, compared to its average volume of 4,457,976. The firm has a market capitalization of $24.28 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $82.03 and a fifty-two week high of $83.14. The stock’s 50-day simple moving average is $82.84 and its 200-day simple moving average is $82.86.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.25 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, February 2nd.

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.