iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Sees Significant Drop in Short Interest

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 608,647 shares, a drop of 38.8% from the February 12th total of 994,791 shares. Based on an average daily trading volume, of 1,431,063 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,431,063 shares, the days-to-cover ratio is presently 0.4 days.

iShares 3-7 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEI traded up $0.03 during midday trading on Friday, reaching $118.75. The company’s stock had a trading volume of 3,052,625 shares, compared to its average volume of 1,961,307. The firm has a 50 day moving average price of $119.49 and a 200-day moving average price of $119.61. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $116.62 and a 12-month high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.3312 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.3%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 2nd quarter worth about $25,000. Country Trust Bank purchased a new stake in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth about $25,000. Kingdom Financial Group LLC. purchased a new stake in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth about $26,000. Asset Dedication LLC bought a new stake in iShares 3-7 Year Treasury Bond ETF in the third quarter worth about $28,000. Finally, Key Capital Management INC bought a new stake in iShares 3-7 Year Treasury Bond ETF in the fourth quarter worth about $28,000.

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). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to three years and less than seven years. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.