Short Interest in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Decreases By 38.8%

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 608,647 shares, a decrease of 38.8% from the February 12th total of 994,791 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 1,431,063 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 1,431,063 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 7.2% during the fourth quarter. JPMorgan Chase & Co. now owns 17,694,417 shares of the company’s stock worth $2,111,829,000 after purchasing an additional 1,180,896 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 5.0% in the 4th quarter. Captrust Financial Advisors now owns 5,924,603 shares of the company’s stock valued at $707,101,000 after purchasing an additional 281,282 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 0.8% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 4,287,913 shares of the company’s stock valued at $511,762,000 after purchasing an additional 33,946 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares 3-7 Year Treasury Bond ETF by 9.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,676,586 shares of the company’s stock valued at $439,389,000 after purchasing an additional 311,613 shares during the period. Finally, Assetmark Inc. boosted its position in shares of iShares 3-7 Year Treasury Bond ETF by 6.6% in the 4th quarter. Assetmark Inc. now owns 3,052,028 shares of the company’s stock valued at $364,260,000 after purchasing an additional 190,019 shares during the period.

iShares 3-7 Year Treasury Bond ETF Stock Up 0.0%

IEI stock traded up $0.03 during midday trading on Friday, reaching $118.75. 3,052,625 shares of the company were exchanged, compared to its average volume of 1,961,307. iShares 3-7 Year Treasury Bond ETF has a 1-year low of $116.62 and a 1-year high of $120.78. The stock’s 50-day simple moving average is $119.49 and its 200 day simple moving average is $119.61.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.3312 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, March 2nd.

About iShares 3-7 Year Treasury Bond ETF

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). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to three years and less than seven years. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.