Short Interest in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Rises By 34.4%

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 10,980,000 shares, an increase of 34.4% from the February 13th total of 8,170,000 shares. Based on an average daily volume of 6,129,200 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Fisher Asset Management LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 18.2% during the 4th quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock worth $4,550,389,000 after purchasing an additional 7,566,487 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares 7-10 Year Treasury Bond ETF by 37.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock worth $2,724,153,000 after purchasing an additional 7,579,169 shares during the last quarter. Wealthfront Advisers LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 333,731.3% during the 4th quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock worth $1,444,683,000 after purchasing an additional 15,621,963 shares during the last quarter. Captrust Financial Advisors grew its position in iShares 7-10 Year Treasury Bond ETF by 23.2% during the 3rd quarter. Captrust Financial Advisors now owns 8,563,295 shares of the exchange traded fund’s stock worth $840,232,000 after purchasing an additional 1,612,274 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $725,489,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEF traded up $0.05 during trading hours on Tuesday, hitting $94.61. The company’s stock had a trading volume of 2,543,082 shares, compared to its average volume of 6,869,324. The company has a market capitalization of $32.59 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05. The firm’s fifty day moving average price is $93.33 and its 200 day moving average price is $94.60. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.2754 per share. The ex-dividend date of this dividend was Monday, March 3rd.

iShares 7-10 Year Treasury Bond ETF Company Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S.