Traders Buy Large Volume of Call Options on iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) saw some unusual options trading activity on Friday. Investors bought 44,356 call options on the stock. This is an increase of 238% compared to the average volume of 13,124 call options.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $96.56 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18. The stock has a market capitalization of $35.19 billion, a PE ratio of -22.19 and a beta of 0.05. The company has a 50-day simple moving average of $94.18 and a two-hundred day simple moving average of $94.34.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a dividend of $0.3037 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.64 dividend on an annualized basis and a yield of 3.77%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Logan Capital Management Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $25,000. Montag A & Associates Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 160 shares in the last quarter. BankPlus Trust Department bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $31,000. Dunhill Financial LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $38,000. Finally, Park Square Financial Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $37,000. 81.48% of the stock is owned by 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.