iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Short Interest Update

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

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEI traded up $0.15 during trading on Monday, reaching $118.14. 1,682,780 shares of the company traded hands, compared to its average volume of 1,732,345. iShares 3-7 Year Treasury Bond ETF has a 52-week low of $113.16 and a 52-week high of $120.33. The business’s fifty day moving average is $116.71 and its 200-day moving average is $116.83.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares 3-7 Year Treasury Bond ETF

A number of large investors have recently added to or reduced their stakes in IEI. Raymond James Financial Inc. purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth about $165,416,000. Bank of America Corp DE raised its position in iShares 3-7 Year Treasury Bond ETF by 17.3% during the 4th quarter. Bank of America Corp DE now owns 6,800,864 shares of the company’s stock valued at $785,840,000 after purchasing an additional 1,001,309 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares 3-7 Year Treasury Bond ETF by 8.8% in the 4th quarter. JPMorgan Chase & Co. now owns 10,465,313 shares of the company’s stock worth $1,209,267,000 after buying an additional 842,335 shares during the last quarter. National Bank of Canada FI increased its stake in shares of iShares 3-7 Year Treasury Bond ETF by 158.6% during the fourth quarter. National Bank of Canada FI now owns 1,211,531 shares of the company’s stock valued at $140,113,000 after buying an additional 743,111 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 22.1% during the fourth quarter. Captrust Financial Advisors now owns 3,232,702 shares of the company’s stock valued at $373,539,000 after acquiring an additional 585,061 shares in the last quarter.

About iShares 3-7 Year Treasury Bond ETF

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).