Short Interest in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Drops By 14.1%

Posted by Tammy Falkenburg on Apr 16th, 2024

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI – Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 970,500 shares, a decline of 14.1% from the March 15th total of 1,130,000 shares. Based on an average trading volume of 1,873,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of iShares 3-7 Year Treasury Bond ETF

Several institutional investors have recently modified their holdings of IEI. Nemes Rush Group LLC acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the third quarter valued at $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 895.5% in the fourth quarter. Hexagon Capital Partners LLC now owns 219 shares of the company’s stock valued at $26,000 after buying an additional 197 shares during the period. Tyler Stone Wealth Management acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the second quarter valued at $29,000. Howe & Rusling Inc. acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the fourth quarter valued at $30,000. Finally, Kozak & Associates Inc. acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth $31,000.

iShares 3-7 Year Treasury Bond ETF Trading Down 0.3 %

Shares of IEI stock opened at $113.69 on Tuesday. iShares 3-7 Year Treasury Bond ETF has a 1 year low of $111.45 and a 1 year high of $119.57. The stock has a fifty day moving average of $115.38 and a two-hundred day moving average of $115.06.

iShares 3-7 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.3056 dividend. The ex-dividend date was Monday, April 1st. This represents a $3.67 annualized dividend and a dividend yield of 3.23%.

About iShares 3-7 Year Treasury Bond ETF

(Get Free Report)

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).