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 recipient of a significant increase in short interest during the month of 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 short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On iShares 3-7 Year Treasury Bond ETF

A number of institutional investors have recently added to or reduced their stakes in IEI. 9258 Wealth Management LLC grew its stake in iShares 3-7 Year Treasury Bond ETF by 4.3% in the 4th quarter. 9258 Wealth Management LLC now owns 39,469 shares of the company’s stock valued at $4,623,000 after acquiring an additional 1,610 shares during the period. Strategic Point Investment Advisors LLC raised its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 62.0% during the 4th 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 holdings in shares of iShares 3-7 Year Treasury Bond ETF by 31.8% during the 4th 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 holdings in shares of iShares 3-7 Year Treasury Bond ETF by 229.2% during the 4th 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 purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF during the 4th quarter worth $441,000.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of iShares 3-7 Year Treasury Bond ETF stock traded up $0.34 during midday trading on Friday, hitting $119.92. The company had a trading volume of 1,808,389 shares, compared to its average volume of 1,594,947. The company has a fifty day simple moving average of $118.76 and a 200 day simple moving average of $116.30. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $111.45 and a 12-month high of $120.33.

iShares 3-7 Year Treasury Bond ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.3197 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

About iShares 3-7 Year Treasury Bond ETF

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).