Short Interest in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Grows By 93.8%

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 2,190,000 shares, an increase of 93.8% from the August 31st total of 1,130,000 shares. Based on an average daily volume of 1,471,800 shares, the days-to-cover ratio is presently 1.5 days.

iShares 3-7 Year Treasury Bond ETF Trading Up 0.3 %

Shares of NASDAQ:IEI traded up $0.34 during trading on Friday, reaching $119.92. The stock had a trading volume of 1,808,389 shares, compared to its average volume of 1,594,947. The firm’s fifty day moving average is $118.76 and its 200 day moving average is $116.30. iShares 3-7 Year Treasury Bond ETF has a 52 week low of $111.45 and a 52 week high of $120.33.

iShares 3-7 Year Treasury Bond ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.3197 per share. The ex-dividend date was Tuesday, September 3rd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. 9258 Wealth Management LLC lifted its position in shares of iShares 3-7 Year Treasury Bond ETF by 4.3% during the fourth quarter. 9258 Wealth Management LLC now owns 39,469 shares of the company’s stock valued at $4,623,000 after purchasing an additional 1,610 shares in the last quarter. Strategic Point Investment Advisors LLC raised its position in iShares 3-7 Year Treasury Bond ETF by 62.0% in the fourth quarter. Strategic Point Investment Advisors LLC now owns 375,589 shares of the company’s stock worth $43,993,000 after acquiring an additional 143,690 shares during the period. Advisory Services Network LLC raised its position in iShares 3-7 Year Treasury Bond ETF by 31.8% in the fourth quarter. Advisory Services Network LLC now owns 5,129 shares of the company’s stock worth $601,000 after acquiring an additional 1,238 shares during the period. Steward Partners Investment Advisory LLC raised its position in iShares 3-7 Year Treasury Bond ETF by 229.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,279 shares of the company’s stock worth $384,000 after acquiring an additional 2,283 shares during the period. Finally, Adams Wealth Management bought a new position in iShares 3-7 Year Treasury Bond ETF in the 4th quarter worth about $441,000.

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).