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) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 10,980,000 shares, a growth of 34.4% from the February 13th total of 8,170,000 shares. Based on an average trading volume of 6,129,200 shares, the short-interest ratio is currently 1.8 days. Currently, 3.2% of the shares of the stock are short sold.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.0 %

NASDAQ:IEF traded up $0.05 during trading hours on Tuesday, reaching $94.61. 2,543,082 shares of the company were exchanged, compared to its average volume of 6,869,324. The stock’s 50-day moving average is $93.33 and its 200-day moving average is $94.60. The firm has a market cap of $32.59 billion, a PE ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares 7-10 Year Treasury Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Vontobel Holding Ltd. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 13.2% in the fourth quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock worth $238,000 after acquiring an additional 301 shares during the last quarter. Beam Wealth Advisors Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF by 3.7% in the 4th quarter. Beam Wealth Advisors Inc. now owns 36,617 shares of the exchange traded fund’s stock valued at $3,385,000 after buying an additional 1,303 shares during the period. National Bank of Canada FI increased its stake in iShares 7-10 Year Treasury Bond ETF by 458.8% in the 3rd quarter. National Bank of Canada FI now owns 369,823 shares of the exchange traded fund’s stock valued at $36,308,000 after buying an additional 303,636 shares during the period. First Horizon Advisors Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3,410.5% during the 4th quarter. First Horizon Advisors Inc. now owns 667 shares of the exchange traded fund’s stock worth $62,000 after purchasing an additional 648 shares during the period. Finally, Savant Capital LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.2% in the 4th quarter. Savant Capital LLC now owns 4,459 shares of the exchange traded fund’s stock worth $412,000 after buying an additional 139 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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.