Short Interest in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Expands By 15.9%

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 days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On iShares 7-10 Year Treasury Bond ETF

Several large investors have recently modified their holdings of IEF. Fisher Asset Management LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 104.5% during the 3rd quarter. Fisher Asset Management LLC now owns 41,653,513 shares of the exchange traded fund’s stock valued at $4,087,043,000 after purchasing an additional 21,282,662 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock valued at $1,212,164,000 after buying an additional 610,635 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock worth $1,060,398,000 after buying an additional 1,082,837 shares during the period. Captrust Financial Advisors increased its stake in iShares 7-10 Year Treasury Bond ETF by 23.2% in the third quarter. Captrust Financial Advisors now owns 8,563,295 shares of the exchange traded fund’s stock worth $840,232,000 after purchasing an additional 1,612,274 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 233.7% during the third quarter. Bank of Montreal Can now owns 7,700,921 shares of the exchange traded fund’s stock worth $757,694,000 after purchasing an additional 5,393,398 shares during the last quarter. Institutional investors own 81.48% of the company’s stock.

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

IEF traded up $0.04 during trading hours on Friday, hitting $93.32. The company’s stock had a trading volume of 16,794,163 shares, compared to its average volume of 7,844,940. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The business’s 50-day moving average price is $96.22 and its 200-day moving average price is $95.24. The stock has a market cap of $33.15 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.