iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Sees Significant Decline in Short Interest

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) saw a significant decline in short interest in the month of 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 trading volume of 5,163,337 shares, the short-interest ratio is currently 2.4 days. Currently, 4.3% of the shares of the company are short sold. Currently, 4.3% of the shares of the company are short sold. Based on an average trading volume of 5,163,337 shares, the short-interest ratio is currently 2.4 days.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY traded down $0.03 during trading hours on Tuesday, reaching $83.03. 3,291,836 shares of the stock were exchanged, compared to its average volume of 4,420,375. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The stock’s fifty day simple moving average is $82.86 and its 200 day simple moving average is $82.87. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $82.03 and a 52 week high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On iShares 1-3 Year Treasury Bond ETF

A number of hedge funds have recently bought and sold shares of SHY. MCF Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $25,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $25,000. Key Financial Inc boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% in the third quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after buying an additional 196 shares during the period. Pflug Koory LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 637.8% during the third quarter. Pflug Koory LLC now owns 332 shares of the company’s stock worth $28,000 after buying an additional 287 shares in the last quarter. Finally, Lodestone Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $29,000. 23.15% of the stock is owned by institutional investors.

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.