iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Short Interest Down 14.1% in October

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,580,000 shares, a decrease of 14.1% from the October 15th total of 1,840,000 shares. Based on an average daily volume of 1,537,600 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On iShares 3-7 Year Treasury Bond ETF

Several institutional investors have recently bought and sold shares of IEI. Sequoia Financial Advisors LLC lifted its position in shares of iShares 3-7 Year Treasury Bond ETF by 46.0% during the third quarter. Sequoia Financial Advisors LLC now owns 3,068 shares of the company’s stock worth $367,000 after purchasing an additional 967 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in iShares 3-7 Year Treasury Bond ETF during the 2nd quarter worth $9,445,000. Crescent Grove Advisors LLC bought a new position in iShares 3-7 Year Treasury Bond ETF in the 2nd quarter valued at $212,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of iShares 3-7 Year Treasury Bond ETF by 3.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 189,793 shares of the company’s stock valued at $21,915,000 after buying an additional 5,536 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of iShares 3-7 Year Treasury Bond ETF by 5.2% during the second quarter. Private Advisor Group LLC now owns 76,454 shares of the company’s stock worth $8,828,000 after acquiring an additional 3,805 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Price Performance

NASDAQ:IEI traded up $0.16 on Monday, reaching $116.03. The stock had a trading volume of 810,846 shares, compared to its average volume of 1,571,100. iShares 3-7 Year Treasury Bond ETF has a 1-year low of $113.16 and a 1-year high of $120.33. The stock has a fifty day moving average price of $118.07 and a 200-day moving average price of $116.98.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.3203 per share. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a $3.84 dividend on an annualized basis and a yield of 3.31%.

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).