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

by · The Markets Daily

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI – Get Free Report) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,143,705 shares, a drop of 25.2% from the November 30th total of 1,529,870 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 2,456,783 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 2,456,783 shares, the short-interest ratio is currently 0.5 days. Approximately 0.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IEI. JPMorgan Chase & Co. increased its holdings in iShares 3-7 Year Treasury Bond ETF by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,513,521 shares of the company’s stock worth $1,973,531,000 after purchasing an additional 4,523,903 shares during the last quarter. Captrust Financial Advisors grew its position in shares of iShares 3-7 Year Treasury Bond ETF by 54.6% during the third quarter. Captrust Financial Advisors now owns 5,643,321 shares of the company’s stock worth $674,433,000 after buying an additional 1,992,633 shares in the last quarter. Clarity Financial LLC grew its position in shares of iShares 3-7 Year Treasury Bond ETF by 126.8% during the third quarter. Clarity Financial LLC now owns 1,316,381 shares of the company’s stock worth $157,321,000 after buying an additional 735,931 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of iShares 3-7 Year Treasury Bond ETF by 141.4% in the second quarter. Armstrong Advisory Group Inc. now owns 942,234 shares of the company’s stock worth $112,211,000 after buying an additional 551,950 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares 3-7 Year Treasury Bond ETF by 216.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 739,010 shares of the company’s stock worth $88,319,000 after buying an additional 505,360 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Price Performance

Shares of IEI stock traded down $0.03 on Tuesday, hitting $119.56. The stock had a trading volume of 1,370,357 shares, compared to its average volume of 1,938,697. The stock’s 50 day moving average is $119.67 and its 200-day moving average is $119.24. iShares 3-7 Year Treasury Bond ETF has a 52-week low of $114.51 and a 52-week high of $120.43.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a $0.3711 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 19th. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.35.

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). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to three years and less than seven years. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

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