Traders Buy Large Volume of Call Options on iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) was the target of some unusual options trading activity on Thursday. Stock traders bought 2,264 call options on the company. This represents an increase of approximately 582% compared to the typical volume of 332 call options.

Institutional Investors Weigh In On iShares 1-3 Year Treasury Bond ETF

Several institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its stake in iShares 1-3 Year Treasury Bond ETF by 5.5% during the fourth quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after purchasing an additional 940,434 shares during the last quarter. Bank of America Corp DE raised its position in iShares 1-3 Year Treasury Bond ETF by 1.1% during the 3rd quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock worth $973,965,000 after purchasing an additional 133,178 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock worth $878,695,000 after acquiring an additional 467,629 shares in the last quarter. Bank of New York Mellon Corp grew its stake in iShares 1-3 Year Treasury Bond ETF by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 6,703,637 shares of the company’s stock worth $556,134,000 after purchasing an additional 272,758 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 387.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after acquiring an additional 4,206,546 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY traded up $0.01 during mid-day trading on Thursday, hitting $82.20. 444,212 shares of the company’s stock were exchanged, compared to its average volume of 4,711,440. The company has a market cap of $25.17 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company has a 50-day simple moving average of $82.47 and a 200 day simple moving average of $82.74. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $82.10 and a 52 week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a dividend of $0.2428 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, May 1st.

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.