iShares Short Treasury Bond ETF (NYSE:SHV) Shares Shorted: Short Interest Up 170.7% in September

iShares Short Treasury Bond ETF (NYSE:SHV) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 6,019,659 shares, a growth of 170.7% from the September 15th total of 2,223,877 shares. Based on an average daily volume of 4,634,515 shares, the days-to-cover ratio is currently 1.3 days. Approximately 2.8% of the company’s stock are short sold.

iShares Short Treasury Bond ETF Price Performance

Shares of iShares Short Treasury Bond ETF stock remained flat at $110.18 during trading on Wednesday. The stock had a trading volume of 1,863,258 shares, compared to its average volume of 2,932,635. The business’s 50 day simple moving average is $110.20 and its two-hundred day simple moving average is $110.22. iShares Short Treasury Bond ETF has a 12 month low of $109.86 and a 12 month high of $110.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SHV. Wealthfront Advisers LLC grew its holdings in shares of iShares Short Treasury Bond ETF by 26.6% during the 1st quarter. Wealthfront Advisers LLC now owns 2,048,039 shares of the company’s stock worth $226,083,000 after purchasing an additional 430,574 shares in the last quarter. Royal Bank of Canada increased its position in shares of iShares Short Treasury Bond ETF by 53.4% in the first quarter. Royal Bank of Canada now owns 1,369,661 shares of the company’s stock worth $151,197,000 after purchasing an additional 477,064 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in iShares Short Treasury Bond ETF by 7.0% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,331,705 shares of the company’s stock valued at $147,012,000 after purchasing an additional 86,634 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in iShares Short Treasury Bond ETF by 11.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 528,070 shares of the company’s stock valued at $58,167,000 after purchasing an additional 56,247 shares in the last quarter. Finally, Able Wealth Management LLC raised its stake in iShares Short Treasury Bond ETF by 3.8% in the first quarter. Able Wealth Management LLC now owns 384,120 shares of the company’s stock valued at $42,403,000 after purchasing an additional 13,941 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

About iShares Short Treasury Bond ETF

iShares Short Treasury Bond ETF (the Fund), formerly iShares Barclays Short Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the Barclays Capital U.S. Short Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of between 1 and 12 months. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.