iShares Short Treasury Bond ETF (NYSE:SHV) Sees Unusually-High Trading Volume – Still a Buy?

iShares Short Treasury Bond ETF (NYSE:SHV) saw strong trading volume on Wednesday. Approximately 3,171,351 shares traded hands during trading, an increase of 10% from the previous session’s volume of 2,871,241 shares. The stock last traded at $110.31 and had previously closed at $110.28.

iShares Short Treasury Bond ETF Stock Up 0.0%

The firm has a 50 day simple moving average of $110.22 and a 200 day simple moving average of $110.23.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

Hedge funds have recently bought and sold shares of the company. Evergreen Advisors LLC purchased a new stake in shares of iShares Short Treasury Bond ETF during the 1st quarter valued at $43,000. C M Bidwell & Associates Ltd. bought a new position in iShares Short Treasury Bond ETF in the second quarter valued at $58,000. Bessemer Group Inc. bought a new position in iShares Short Treasury Bond ETF in the first quarter valued at $76,000. Continuum Advisory LLC purchased a new stake in iShares Short Treasury Bond ETF during the second quarter valued at about $97,000. Finally, WealthShield Partners LLC purchased a new stake in iShares Short Treasury Bond ETF during the first quarter valued at about $116,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Company Profile

iShares Short Treasury Bond ETF (the Fund), formerly iShares Barclays Short Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the Barclays Capital U.S. Short Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of between 1 and 12 months. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.