Short Interest in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Rises By 24.6%

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 23,946,436 shares, an increase of 24.6% from the February 26th total of 19,221,948 shares. Based on an average trading volume of 12,692,978 shares, the short-interest ratio is currently 1.9 days. Approximately 4.9% of the company’s stock are sold short.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $11,614,000. Rockefeller Capital Management L.P. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 116.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 979,194 shares of the exchange traded fund’s stock valued at $94,159,000 after buying an additional 526,374 shares in the last quarter. World Investment Advisors increased its holdings in iShares 7-10 Year Treasury Bond ETF by 131.4% in the fourth quarter. World Investment Advisors now owns 71,943 shares of the exchange traded fund’s stock worth $6,918,000 after buying an additional 40,859 shares during the last quarter. Larry Mathis Financial Planning LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $463,000. Finally, Corient Private Wealth LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 72.3% during the fourth quarter. Corient Private Wealth LLC now owns 120,093 shares of the exchange traded fund’s stock valued at $11,548,000 after acquiring an additional 50,388 shares in the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF traded up $0.67 during mid-day trading on Monday, reaching $95.27. The company had a trading volume of 15,429,040 shares, compared to its average volume of 11,060,494. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.79 and a twelve month high of $98.04. The stock’s 50 day moving average is $96.23 and its 200-day moving average is $96.53. The stock has a market capitalization of $46.53 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.2828 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%.

About iShares 7-10 Year Treasury Bond ETF

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.