iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Short Interest Up 39.4% in February

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 17,687,155 shares, a growth of 39.4% from the February 12th total of 12,689,078 shares. Based on an average daily volume of 3,811,353 shares, the days-to-cover ratio is currently 4.6 days. Currently, 6.1% of the company’s shares are sold short. Currently, 6.1% of the company’s shares are sold short. Based on an average daily volume of 3,811,353 shares, the days-to-cover ratio is currently 4.6 days.

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

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

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY traded up $0.05 on Friday, reaching $82.55. 7,183,963 shares of the company’s stock were exchanged, compared to its average volume of 4,731,403. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $82.21 and a twelve month high of $83.20. The company’s 50 day moving average is $82.86 and its 200-day moving average is $82.88. The company has a market cap of $24.13 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.223 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.2%.

iShares 1-3 Year Treasury Bond ETF Company Profile

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.