iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Sees Large Decrease in Short Interest

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 16,358,014 shares, a decline of 31.7% from the March 15th total of 23,946,436 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average daily volume of 15,843,048 shares, the short-interest ratio is currently 1.0 days.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.2%

Shares of NASDAQ:IEF traded down $0.21 on Wednesday, reaching $95.58. 5,592,748 shares of the company traded hands, compared to its average volume of 10,768,488. The business’s 50-day simple moving average is $96.11 and its 200 day simple moving average is $96.40. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $93.03 and a 52 week high of $98.04. The stock has a market capitalization of $49.51 billion, a P/E ratio of -22.00 and a beta of 0.28.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were issued a dividend of $0.3172 per share. The ex-dividend date was Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.0%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.28.

Hedge Funds Weigh In On iShares 7-10 Year Treasury Bond ETF

Large investors have recently bought and sold shares of the stock. Cornerstone Planning LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $11,614,000. Rockefeller Capital Management L.P. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 116.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 979,194 shares of the exchange traded fund’s stock valued at $94,159,000 after acquiring an additional 526,374 shares during the last quarter. World Investment Advisors raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 131.4% during the fourth quarter. World Investment Advisors now owns 71,943 shares of the exchange traded fund’s stock valued at $6,918,000 after acquiring an additional 40,859 shares during the last quarter. Larry Mathis Financial Planning LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $463,000. Finally, Corient Private Wealth LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 72.3% during the fourth quarter. Corient Private Wealth LLC now owns 120,093 shares of the exchange traded fund’s stock worth $11,548,000 after purchasing an additional 50,388 shares during the period. 81.48% of the stock is owned by hedge funds and other institutional investors.

About iShares 7-10 Year Treasury Bond ETF

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.