Investors Buy High Volume of Put Options on iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 20,010 put options on the company. This is an increase of approximately 5,071% compared to the typical daily volume of 387 put options.

iShares 3-7 Year Treasury Bond ETF Stock Performance

NASDAQ:IEI opened at $116.95 on Friday. iShares 3-7 Year Treasury Bond ETF has a fifty-two week low of $116.43 and a fifty-two week high of $120.78. The company has a fifty day moving average of $117.18 and a two-hundred day moving average of $118.40.

iShares 3-7 Year Treasury Bond ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.3625 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Country Trust Bank purchased a new stake in iShares 3-7 Year Treasury Bond ETF during the 4th quarter worth approximately $25,000. Cardinal Strategic Wealth Guidance purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF in the first quarter valued at approximately $25,000. Howe & Rusling Inc. boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 111.0% in the first quarter. Howe & Rusling Inc. now owns 211 shares of the company’s stock worth $25,000 after acquiring an additional 111 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth approximately $26,000. Finally, Asset Dedication LLC purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the third quarter worth approximately $28,000.

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). 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.