iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Short Interest Down 31.7% in March

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 16,358,014 shares, a drop of 31.7% from the March 15th total of 23,946,436 shares. Based on an average daily volume of 15,843,048 shares, the days-to-cover ratio is presently 1.0 days. Currently, 3.2% of the shares of the stock are sold short.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $95.48 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $93.03 and a 12 month high of $98.04. The firm’s 50-day moving average is $96.10 and its 200 day moving average is $96.41. The company has a market capitalization of $49.46 billion, a PE ratio of -22.00 and a beta of 0.28.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were given a $0.3172 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Wednesday, April 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.28.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bison Wealth LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 115.6% in the fourth quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock worth $19,602,000 after acquiring an additional 113,663 shares in the last quarter. StoneX Group Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $213,000. The Manufacturers Life Insurance Company increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after acquiring an additional 616,905 shares during the period. Ausdal Financial Partners Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 7.5% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock worth $450,000 after acquiring an additional 329 shares during the last quarter. Finally, Camarda Financial Advisors LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 7.7% during the 2nd quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock worth $1,221,000 after acquiring an additional 913 shares during the period. 81.48% of the stock is owned by institutional investors and hedge funds.

About iShares 7-10 Year Treasury Bond ETF

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.