iShares 0-3 Month Treasury Bond ETF (NYSE:SGOV – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 7,968,909 shares, an increase of 67.5% from the September 15th total of 4,757,570 shares. Based on an average daily volume of 21,351,748 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the shares of the stock are sold short.
iShares 0-3 Month Treasury Bond ETF Stock Up 0.0%
SGOV stock opened at $100.55 on Friday. iShares 0-3 Month Treasury Bond ETF has a twelve month low of $100.27 and a twelve month high of $100.73. The stock has a 50-day simple moving average of $100.55 and a two-hundred day simple moving average of $100.54.
Institutional Investors Weigh In On iShares 0-3 Month Treasury Bond ETF
A number of institutional investors and hedge funds have recently modified their holdings of the company. Financial Consulate Inc. bought a new stake in iShares 0-3 Month Treasury Bond ETF during the 2nd quarter worth approximately $25,000. Arlington Trust Co LLC purchased a new stake in iShares 0-3 Month Treasury Bond ETF in the 2nd quarter worth approximately $43,000. Maryland Capital Advisors Inc. purchased a new stake in iShares 0-3 Month Treasury Bond ETF in the 3rd quarter worth approximately $43,000. Coston McIsaac & Partners lifted its stake in iShares 0-3 Month Treasury Bond ETF by 44.3% in the 1st quarter. Coston McIsaac & Partners now owns 453 shares of the company’s stock worth $45,000 after purchasing an additional 139 shares in the last quarter. Finally, Frazier Financial Advisors LLC boosted its holdings in iShares 0-3 Month Treasury Bond ETF by 496.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 501 shares of the company’s stock valued at $50,000 after purchasing an additional 417 shares during the period.
About iShares 0-3 Month Treasury Bond ETF
The iShares 0-3 Month Treasury Bond ETF (SGOV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasurys maturing in less than or equal to three months. SGOV was launched on May 26, 2020 and is managed by BlackRock.
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