Short Interest in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Grows By 39.4%

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 17,687,155 shares, a growth of 39.4% from the February 12th total of 12,689,078 shares. Approximately 6.1% of the shares of the stock are sold short. Based on an average daily volume of 3,811,353 shares, the short-interest ratio is presently 4.6 days. Based on an average daily volume of 3,811,353 shares, the short-interest ratio is presently 4.6 days. Approximately 6.1% of the shares of the stock are sold short.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.1%

Shares of SHY stock traded up $0.05 during mid-day trading on Friday, reaching $82.55. The stock had a trading volume of 7,183,963 shares, compared to its average volume of 4,731,403. The company has a market cap of $24.13 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $82.21 and a 12-month high of $83.20. The business has a 50-day simple moving average of $82.86 and a 200 day simple moving average of $82.88.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.223 per share. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, March 2nd.

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

Hedge funds have recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $25,000. Key Financial Inc raised its holdings in iShares 1-3 Year Treasury Bond ETF by 158.1% in the 3rd 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 last quarter. Pflug Koory LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 637.8% during the 3rd quarter. Pflug Koory LLC now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 287 shares during the period. Delos Wealth Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth $29,000. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

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.