iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Sees Large Growth in Short Interest

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,210,000 shares, a growth of 53.5% from the February 13th total of 1,440,000 shares. Based on an average daily trading volume, of 1,588,300 shares, the short-interest ratio is currently 1.4 days. Approximately 1.7% of the company’s shares are sold short.

iShares 3-7 Year Treasury Bond ETF Price Performance

NASDAQ IEI traded down $0.29 during mid-day trading on Friday, reaching $117.25. 3,752,502 shares of the stock were exchanged, compared to its average volume of 1,734,997. iShares 3-7 Year Treasury Bond ETF has a one year low of $113.16 and a one year high of $120.33. The stock has a 50 day simple moving average of $116.19 and a 200-day simple moving average of $116.98.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.3038 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On iShares 3-7 Year Treasury Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Anchor Pointe Wealth Management LLC bought a new position in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth $1,071,000. Heck Capital Advisors LLC bought a new position in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth $4,834,000. Great Valley Advisor Group Inc. grew its holdings in iShares 3-7 Year Treasury Bond ETF by 7.0% in the fourth quarter. Great Valley Advisor Group Inc. now owns 49,820 shares of the company’s stock worth $5,757,000 after purchasing an additional 3,271 shares during the period. Ascent Group LLC grew its holdings in iShares 3-7 Year Treasury Bond ETF by 9.7% in the fourth quarter. Ascent Group LLC now owns 27,504 shares of the company’s stock worth $3,178,000 after purchasing an additional 2,424 shares during the period. Finally, Mittelman Wealth Management acquired a new stake in iShares 3-7 Year Treasury Bond ETF in the fourth quarter worth $229,000.

iShares 3-7 Year Treasury Bond ETF Company Profile

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).