iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Large Drop in Short Interest

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,448,302 shares, a drop of 15.9% from the December 31st total of 1,722,999 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 2,549,562 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 2,549,562 shares, the short-interest ratio is currently 0.6 days. Approximately 0.8% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

Hedge funds have recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new stake in iShares Short Treasury Bond ETF during the 3rd quarter worth about $26,000. LFA Lugano Financial Advisors SA acquired a new position in shares of iShares Short Treasury Bond ETF in the 4th quarter valued at about $39,000. Elevation Point Wealth Partners LLC bought a new stake in shares of iShares Short Treasury Bond ETF during the 2nd quarter valued at about $55,000. Atlantic Union Bankshares Corp bought a new stake in shares of iShares Short Treasury Bond ETF during the 2nd quarter valued at about $56,000. Finally, Highline Wealth Partners LLC grew its stake in iShares Short Treasury Bond ETF by 355.8% during the third quarter. Highline Wealth Partners LLC now owns 515 shares of the company’s stock worth $57,000 after purchasing an additional 402 shares during the period. Institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Price Performance

Shares of iShares Short Treasury Bond ETF stock opened at $110.44 on Monday. iShares Short Treasury Bond ETF has a twelve month low of $110.02 and a twelve month high of $110.51. The company’s fifty day moving average is $110.25 and its 200 day moving average is $110.29.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a $0.3569 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, December 19th.

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.