iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Large Growth in Short Interest

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 2,000,000 shares, an increase of 78.6% from the March 15th total of 1,120,000 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average trading volume of 7,120,100 shares, the days-to-cover ratio is currently 0.3 days.

iShares Short Treasury Bond ETF Trading Up 0.0 %

SHV opened at $110.29 on Thursday. The business’s 50-day simple moving average is $110.27 and its 200 day simple moving average is $110.27. iShares Short Treasury Bond ETF has a 52-week low of $109.91 and a 52-week high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.3836 per share. This represents a $4.60 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Tuesday, April 1st.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

A number of large investors have recently made changes to their positions in SHV. World Investment Advisors LLC increased its stake in iShares Short Treasury Bond ETF by 4.7% during the 3rd quarter. World Investment Advisors LLC now owns 10,719 shares of the company’s stock worth $1,186,000 after acquiring an additional 482 shares during the period. Destination Wealth Management raised its holdings in iShares Short Treasury Bond ETF by 0.9% during the 3rd quarter. Destination Wealth Management now owns 10,667 shares of the company’s stock worth $1,180,000 after purchasing an additional 100 shares during the last quarter. Beaird Harris Wealth Management LLC increased its holdings in iShares Short Treasury Bond ETF by 580.5% in the third quarter. Beaird Harris Wealth Management LLC now owns 1,674 shares of the company’s stock worth $185,000 after purchasing an additional 1,428 shares in the last quarter. Independent Solutions Wealth Management LLC raised its stake in iShares Short Treasury Bond ETF by 112.8% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 18,974 shares of the company’s stock worth $2,099,000 after buying an additional 10,059 shares during the period. Finally, JPMorgan Chase & Co. raised its position in iShares Short Treasury Bond ETF by 23.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,031,532 shares of the company’s stock valued at $999,158,000 after buying an additional 1,732,399 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.

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.