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

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,630,000 shares, a drop of 26.2% from the February 28th total of 2,210,000 shares. Based on an average trading volume of 1,711,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.2% of the shares of the company are sold short.

Institutional Trading of iShares 3-7 Year Treasury Bond ETF

Several institutional investors have recently made changes to their positions in IEI. Fortitude Family Office LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the 4th quarter worth about $27,000. Smartleaf Asset Management LLC increased its stake in shares of iShares 3-7 Year Treasury Bond ETF by 72.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 250 shares of the company’s stock valued at $29,000 after buying an additional 105 shares during the period. PSI Advisors LLC raised its position in shares of iShares 3-7 Year Treasury Bond ETF by 76.7% during the fourth quarter. PSI Advisors LLC now owns 334 shares of the company’s stock worth $39,000 after acquiring an additional 145 shares during the last quarter. Nemes Rush Group LLC acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF during the fourth quarter valued at $43,000. Finally, Fourth Dimension Wealth LLC bought a new position in iShares 3-7 Year Treasury Bond ETF in the fourth quarter valued at about $44,000.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of iShares 3-7 Year Treasury Bond ETF stock opened at $117.99 on Friday. iShares 3-7 Year Treasury Bond ETF has a 1 year low of $113.16 and a 1 year high of $120.33. The company’s fifty day simple moving average is $116.66 and its 200-day simple moving average is $116.86.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.3038 dividend. The ex-dividend date was Monday, March 3rd.

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).