iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Sees Significant Growth in Short Interest

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 10,980,000 shares, an increase of 34.4% from the February 13th total of 8,170,000 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily volume of 6,129,200 shares, the short-interest ratio is presently 1.8 days.

Institutional Investors Weigh In On iShares 7-10 Year Treasury Bond ETF

Institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 18.2% in the 4th quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock worth $4,550,389,000 after purchasing an additional 7,566,487 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 37.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock valued at $2,724,153,000 after acquiring an additional 7,579,169 shares during the period. Wealthfront Advisers LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 333,731.3% in the 4th quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock valued at $1,444,683,000 after acquiring an additional 15,621,963 shares during the last quarter. Captrust Financial Advisors increased its stake in iShares 7-10 Year Treasury Bond ETF by 23.2% in the third quarter. Captrust Financial Advisors now owns 8,563,295 shares of the exchange traded fund’s stock worth $840,232,000 after purchasing an additional 1,612,274 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $725,489,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock traded down $0.33 on Friday, reaching $94.48. The company had a trading volume of 4,390,879 shares, compared to its average volume of 6,886,268. The firm has a market cap of $32.55 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05. The firm’s 50-day moving average price is $93.28 and its two-hundred day moving average price is $94.64. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2754 per share. The ex-dividend date of this dividend was Monday, March 3rd.

iShares 7-10 Year Treasury Bond ETF Company Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S.