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

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,070,561 shares, an increase of 75.4% from the June 30th total of 1,751,063 shares. Based on an average trading volume of 1,202,085 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.0% of the shares of the company are short sold.

Institutional Trading of iShares 3-7 Year Treasury Bond ETF

Several hedge funds have recently modified their holdings of IEI. Country Trust Bank acquired a new position in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth $25,000. Howe & Rusling Inc. lifted its holdings in 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 valued at $25,000 after acquiring an additional 111 shares during the period. Cardinal Strategic Wealth Guidance acquired a new stake in iShares 3-7 Year Treasury Bond ETF in the first quarter valued at $25,000. Kingdom Financial Group LLC. purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the 4th quarter worth $26,000. Finally, Key Capital Management INC purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the 4th quarter worth $28,000.

iShares 3-7 Year Treasury Bond ETF Trading Up 0.1%

NASDAQ IEI traded up $0.07 during trading hours on Thursday, hitting $116.64. 822,925 shares of the stock were exchanged, compared to its average volume of 1,732,264. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $116.07 and a 12-month high of $120.78. The stock has a 50-day moving average of $117.04 and a 200 day moving average of $118.21.

iShares 3-7 Year Treasury Bond ETF Announces Dividend

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

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.