Short Interest in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Decreases By 14.1%

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,580,000 shares, a decline of 14.1% from the October 15th total of 1,840,000 shares. Based on an average daily volume of 1,537,600 shares, the days-to-cover ratio is currently 1.0 days.

iShares 3-7 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEI traded up $0.16 during trading hours on Monday, hitting $116.03. 810,846 shares of the stock were exchanged, compared to its average volume of 1,571,100. iShares 3-7 Year Treasury Bond ETF has a one year low of $113.16 and a one year high of $120.33. The company’s 50 day moving average is $118.07 and its 200 day moving average is $116.98.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.3203 dividend. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a $3.84 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Investors Weigh In On iShares 3-7 Year Treasury Bond ETF

Several hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in iShares 3-7 Year Treasury Bond ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,828,308 shares of the company’s stock valued at $442,055,000 after buying an additional 157,810 shares during the period. Captrust Financial Advisors lifted its stake in iShares 3-7 Year Treasury Bond ETF by 17,868.4% during the third quarter. Captrust Financial Advisors now owns 2,647,641 shares of the company’s stock worth $316,671,000 after purchasing an additional 2,632,906 shares during the period. Cerity Partners LLC boosted its holdings in iShares 3-7 Year Treasury Bond ETF by 7.5% during the third quarter. Cerity Partners LLC now owns 2,035,960 shares of the company’s stock valued at $243,511,000 after purchasing an additional 142,904 shares in the last quarter. Creative Planning grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 0.7% in the 2nd quarter. Creative Planning now owns 1,871,564 shares of the company’s stock valued at $216,110,000 after purchasing an additional 12,186 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 23.0% in the 3rd quarter. LPL Financial LLC now owns 1,785,428 shares of the company’s stock worth $213,546,000 after buying an additional 334,081 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Company Profile

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).