Short Interest in iShares Short Treasury Bond ETF (NASDAQ:SHV) Drops By 23.2%

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 1,112,519 shares, a decrease of 23.2% from the January 15th total of 1,448,302 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 2,794,357 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 2,794,357 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are short sold.

iShares Short Treasury Bond ETF Stock Performance

Shares of SHV stock traded up $0.05 during mid-day trading on Friday, reaching $110.27. 2,173,933 shares of the company’s stock traded hands, compared to its average volume of 2,886,254. The company’s 50-day moving average price is $110.23 and its 200-day moving average price is $110.28. iShares Short Treasury Bond ETF has a 12 month low of $110.02 and a 12 month high of $110.50.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.342 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, February 2nd.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

Several large investors have recently modified their holdings of the stock. JPL Wealth Management LLC purchased a new position in iShares Short Treasury Bond ETF in the third quarter worth about $26,000. Godfrey Financial Associates Inc. bought a new stake in iShares Short Treasury Bond ETF in the 4th quarter worth about $35,000. LFA Lugano Financial Advisors SA purchased a new position in iShares Short Treasury Bond ETF in the 4th quarter worth about $39,000. International Assets Investment Management LLC bought a new position in iShares Short Treasury Bond ETF during the 4th quarter valued at about $43,000. Finally, Simplex Trading LLC boosted its holdings in shares of iShares Short Treasury Bond ETF by 271.0% during the 4th quarter. Simplex Trading LLC now owns 397 shares of the company’s stock valued at $44,000 after acquiring an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 7.10% of the company’s stock.

About iShares Short Treasury Bond ETF

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.