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

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 3,070,561 shares, a growth of 75.4% from the June 30th total of 1,751,063 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average trading volume of 1,202,085 shares, the days-to-cover ratio is currently 2.6 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IEI. JPMorgan Chase & Co. grew its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 7.2% in the 4th quarter. JPMorgan Chase & Co. now owns 17,694,417 shares of the company’s stock valued at $2,111,829,000 after acquiring an additional 1,180,896 shares in the last quarter. Bank of America Corp DE boosted its position in iShares 3-7 Year Treasury Bond ETF by 39.7% during the first quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock valued at $1,096,181,000 after purchasing an additional 2,627,948 shares during the last quarter. Captrust Financial Advisors boosted its position in iShares 3-7 Year Treasury Bond ETF by 5.0% during the fourth quarter. Captrust Financial Advisors now owns 5,924,603 shares of the company’s stock valued at $707,101,000 after purchasing an additional 281,282 shares during the last quarter. Financial Engines Advisors L.L.C. grew its stake in iShares 3-7 Year Treasury Bond ETF by 0.8% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 4,287,913 shares of the company’s stock valued at $511,762,000 after purchasing an additional 33,946 shares in the last quarter. Finally, Assetmark Inc. grew its stake in iShares 3-7 Year Treasury Bond ETF by 9.8% in the first quarter. Assetmark Inc. now owns 3,352,425 shares of the company’s stock valued at $397,598,000 after purchasing an additional 300,397 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEI traded down $0.16 during midday trading on Friday, reaching $116.48. The company’s stock had a trading volume of 1,303,556 shares, compared to its average volume of 1,729,291. The stock has a 50 day simple moving average of $117.03 and a 200-day simple moving average of $118.19. iShares 3-7 Year Treasury Bond ETF has a fifty-two week low of $116.07 and a fifty-two week high of $120.78.

iShares 3-7 Year Treasury Bond ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.3625 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

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.