iShares Short Treasury Bond ETF (NASDAQ:SHV) Short Interest Up 108.7% in February

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,850,000 shares, an increase of 108.7% from the February 13th total of 886,400 shares. Based on an average daily volume of 5,279,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.1% of the company’s shares are short sold.

iShares Short Treasury Bond ETF Trading Up 0.0 %

SHV stock traded up $0.05 during mid-day trading on Friday, reaching $110.29. The company’s stock had a trading volume of 9,055,477 shares, compared to its average volume of 6,543,539. The business’s 50 day moving average price is $110.28 and its 200 day moving average price is $110.30. iShares Short Treasury Bond ETF has a 12 month low of $109.91 and a 12 month high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.3579 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Fortis Advisors LLC grew its stake in iShares Short Treasury Bond ETF by 1.3% in the third quarter. Fortis Advisors LLC now owns 7,736 shares of the company’s stock valued at $856,000 after acquiring an additional 99 shares during the period. Destination Wealth Management grew its stake in iShares Short Treasury Bond ETF by 0.9% in the third quarter. Destination Wealth Management now owns 10,667 shares of the company’s stock valued at $1,180,000 after acquiring an additional 100 shares during the period. Headlands Technologies LLC grew its stake in iShares Short Treasury Bond ETF by 3.9% in the fourth quarter. Headlands Technologies LLC now owns 2,637 shares of the company’s stock valued at $290,000 after acquiring an additional 100 shares during the period. KWB Wealth grew its stake in iShares Short Treasury Bond ETF by 1.3% in the fourth quarter. KWB Wealth now owns 8,531 shares of the company’s stock valued at $944,000 after acquiring an additional 110 shares during the period. Finally, Gladstone Institutional Advisory LLC grew its stake in iShares Short Treasury Bond ETF by 2.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 5,039 shares of the company’s stock valued at $555,000 after acquiring an additional 110 shares during the period. 7.10% of the stock is currently owned by institutional investors.

About iShares Short Treasury Bond ETF

iShares Short Treasury Bond ETF (the Fund), formerly iShares Barclays Short Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the Barclays Capital U.S. Short Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of between 1 and 12 months.