Short Interest in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Increases By 53.5%

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,210,000 shares, an increase of 53.5% from the February 13th total of 1,440,000 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,588,300 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On iShares 3-7 Year Treasury Bond ETF

Several institutional investors have recently added to or reduced their stakes in IEI. Captrust Financial Advisors lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 17,868.4% during the third quarter. Captrust Financial Advisors now owns 2,647,641 shares of the company’s stock worth $316,671,000 after purchasing an additional 2,632,906 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the fourth quarter worth $165,416,000. Bank of America Corp DE lifted its position in iShares 3-7 Year Treasury Bond ETF by 17.3% during the fourth quarter. Bank of America Corp DE now owns 6,800,864 shares of the company’s stock valued at $785,840,000 after purchasing an additional 1,001,309 shares during the period. JPMorgan Chase & Co. grew its position in iShares 3-7 Year Treasury Bond ETF by 8.8% during the 4th quarter. JPMorgan Chase & Co. now owns 10,465,313 shares of the company’s stock worth $1,209,267,000 after purchasing an additional 842,335 shares during the period. Finally, National Bank of Canada FI lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 158.6% in the 4th quarter. National Bank of Canada FI now owns 1,211,531 shares of the company’s stock valued at $140,113,000 after buying an additional 743,111 shares during the period.

iShares 3-7 Year Treasury Bond ETF Price Performance

IEI traded up $0.04 during trading on Monday, hitting $117.29. The stock had a trading volume of 1,140,748 shares, compared to its average volume of 1,720,209. The stock has a 50 day simple moving average of $116.19 and a two-hundred day simple moving average of $116.97. iShares 3-7 Year Treasury Bond ETF has a twelve month low of $113.16 and a twelve month high of $120.33.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.3038 per share. The ex-dividend date was Monday, March 3rd.

iShares 3-7 Year Treasury Bond ETF Company Profile

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).