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

by · The Cerbat Gem

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,030,000 shares, an increase of 24.5% from the March 15th total of 1,630,000 shares. Based on an average daily trading volume, of 1,997,100 shares, the short-interest ratio is currently 1.0 days. Approximately 1.5% of the shares of the stock are short sold.

iShares 3-7 Year Treasury Bond ETF Stock Down 0.2 %

Shares of IEI stock traded down $0.19 during midday trading on Monday, reaching $117.95. 1,789,781 shares of the company were exchanged, compared to its average volume of 2,064,992. The company’s 50 day moving average price is $117.44 and its two-hundred day moving average price is $116.65. iShares 3-7 Year Treasury Bond ETF has a 12 month low of $113.16 and a 12 month high of $120.33.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.3417 per share. The ex-dividend date was Tuesday, April 1st. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.33. This represents a $4.10 annualized dividend and a dividend yield of 3.48%.

Institutional Trading of iShares 3-7 Year Treasury Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA lifted its stake in iShares 3-7 Year Treasury Bond ETF by 1.2% during the first quarter. Compagnie Lombard Odier SCmA now owns 7,388 shares of the company’s stock valued at $873,000 after purchasing an additional 85 shares during the last quarter. D L Carlson Investment Group Inc. grew its position in iShares 3-7 Year Treasury Bond ETF by 0.3% in the fourth quarter. D L Carlson Investment Group Inc. now owns 27,333 shares of the company’s stock worth $3,158,000 after buying an additional 95 shares during the last quarter. Avidian Wealth Enterprises LLC increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 1.2% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 8,034 shares of the company’s stock valued at $928,000 after buying an additional 99 shares in the last quarter. FFT Wealth Management LLC lifted its position in shares of iShares 3-7 Year Treasury Bond ETF by 1.1% during the 4th quarter. FFT Wealth Management LLC now owns 9,131 shares of the company’s stock valued at $1,055,000 after acquiring an additional 99 shares during the last quarter. Finally, LGL Partners LLC boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 1.1% during the 4th quarter. LGL Partners LLC now owns 9,131 shares of the company’s stock worth $1,055,000 after acquiring an additional 99 shares in the last quarter.

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).

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