iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Sees Large Increase in Short Interest

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 16,430,000 shares, a growth of 15.9% from the October 15th total of 14,180,000 shares. Based on an average daily volume of 7,931,300 shares, the short-interest ratio is currently 2.1 days.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.0 %

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $93.32 on Monday. The firm’s 50 day moving average is $96.22 and its 200 day moving average is $95.26. The firm has a market capitalization of $33.15 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.2916 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 annualized dividend and a dividend yield of 3.75%.

Institutional Investors Weigh In On iShares 7-10 Year Treasury Bond ETF

Several hedge funds have recently added to or reduced their stakes in IEF. Capital Investment Counsel Inc bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $25,000. Innealta Capital LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $28,000. Hazlett Burt & Watson Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $34,000. Van ECK Associates Corp purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $35,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $36,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Company Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S.