iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Short Interest Down 21.2% in January

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 12,606,078 shares, a drop of 21.2% from the January 15th total of 16,007,603 shares. Based on an average trading volume of 5,163,337 shares, the short-interest ratio is currently 2.4 days. Approximately 4.3% of the company’s shares are short sold. Approximately 4.3% of the company’s shares are short sold. Based on an average trading volume of 5,163,337 shares, the short-interest ratio is currently 2.4 days.

Hedge Funds Weigh In On iShares 1-3 Year Treasury Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SHY. Hantz Financial Services Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $25,000. MCF Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $25,000. Key Financial Inc boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% in the third quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after acquiring an additional 196 shares during the period. Pflug Koory LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 637.8% during the third quarter. Pflug Koory LLC now owns 332 shares of the company’s stock worth $28,000 after acquiring an additional 287 shares during the last quarter. Finally, Delos Wealth Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $29,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2%

NASDAQ:SHY traded up $0.13 during trading hours on Monday, reaching $83.06. 3,563,876 shares of the stock were exchanged, compared to its average volume of 4,457,976. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $82.03 and a twelve month high of $83.14. The business has a 50-day moving average of $82.84 and a two-hundred day moving average of $82.86. The company has a market capitalization of $24.28 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.25 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd.

About iShares 1-3 Year Treasury Bond ETF

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.