Short Interest in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Grows By 29.9%

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 8,170,000 shares, a growth of 29.9% from the January 31st total of 6,290,000 shares. Based on an average trading volume of 5,493,900 shares, the days-to-cover ratio is presently 1.5 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IEF. Vontobel Holding Ltd. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 13.2% during the fourth quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 301 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 62.6% during the third quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock worth $1,913,000 after acquiring an additional 7,508 shares in the last quarter. Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $35,000. National Bank of Canada FI increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 458.8% during the 3rd quarter. National Bank of Canada FI now owns 369,823 shares of the exchange traded fund’s stock worth $36,308,000 after purchasing an additional 303,636 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3,410.5% in the fourth quarter. First Horizon Advisors Inc. now owns 667 shares of the exchange traded fund’s stock valued at $62,000 after buying an additional 648 shares in the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF traded down $0.35 during trading hours on Thursday, hitting $94.22. The stock had a trading volume of 2,368,950 shares, compared to its average volume of 6,879,720. The company has a market cap of $32.46 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The business’s 50 day moving average is $92.97 and its 200-day moving average is $94.78.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.2754 per share. The ex-dividend date of this dividend is Monday, March 3rd.

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.