iShares International Treasury Bond ETF (NASDAQ:IGOV) Sees Large Drop in Short Interest

iShares International Treasury Bond ETF (NASDAQ:IGOV) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 305,873 shares, a drop of 47.7% from the January 15th total of 585,242 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 381,508 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 381,508 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares International Treasury Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of iShares International Treasury Bond ETF by 16,296.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,648,399 shares of the company’s stock valued at $243,446,000 after purchasing an additional 5,613,950 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in iShares International Treasury Bond ETF in the second quarter worth approximately $12,763,000. Creative Planning grew its position in iShares International Treasury Bond ETF by 30.2% during the second quarter. Creative Planning now owns 1,105,025 shares of the company’s stock valued at $47,627,000 after acquiring an additional 256,315 shares during the last quarter. Bank of America Corp DE grew its position in iShares International Treasury Bond ETF by 431.0% during the second quarter. Bank of America Corp DE now owns 273,417 shares of the company’s stock valued at $11,784,000 after acquiring an additional 221,929 shares during the last quarter. Finally, Aspect Partners LLC purchased a new position in shares of iShares International Treasury Bond ETF during the fourth quarter worth approximately $7,963,000.

iShares International Treasury Bond ETF Price Performance

IGOV stock traded up $0.06 during midday trading on Friday, reaching $42.94. The company had a trading volume of 135,205 shares, compared to its average volume of 325,173. The firm has a 50-day moving average price of $42.02 and a 200-day moving average price of $42.20. iShares International Treasury Bond ETF has a 1 year low of $38.59 and a 1 year high of $43.39.

iShares International Treasury Bond ETF Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.587 dividend. This is a boost from iShares International Treasury Bond ETF’s previous annual dividend of $0.23. This represents a yield of 142.0%. The ex-dividend date of this dividend was Friday, December 19th.

About iShares International Treasury Bond ETF

iShares International Treasury Bond ETF, formerly iShares S&P/Citigroup International Treasury Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the S&P/Citigroup International Treasury Bond Index Ex US (the Index). The Index is a market value-weighted index designed to measure the performance of bonds denominated in local currencies and issued by foreign governments in developed market countries outside the United States.