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

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,120,000 shares, a drop of 39.5% from the February 28th total of 1,850,000 shares. Based on an average trading volume of 6,246,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

Several institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in iShares Short Treasury Bond ETF by 39.1% during the third quarter. Thrivent Financial for Lutherans now owns 5,906 shares of the company’s stock worth $654,000 after purchasing an additional 1,660 shares during the period. Bank of Montreal Can grew its stake in iShares Short Treasury Bond ETF by 6.2% in the 3rd quarter. Bank of Montreal Can now owns 44,790 shares of the company’s stock valued at $4,955,000 after buying an additional 2,598 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in iShares Short Treasury Bond ETF by 8.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 126,443 shares of the company’s stock valued at $13,988,000 after acquiring an additional 10,182 shares during the period. FMR LLC lifted its position in shares of iShares Short Treasury Bond ETF by 337.6% during the third quarter. FMR LLC now owns 2,069,990 shares of the company’s stock worth $229,003,000 after acquiring an additional 1,596,924 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of iShares Short Treasury Bond ETF by 0.8% in the third quarter. Rockefeller Capital Management L.P. now owns 366,381 shares of the company’s stock worth $40,533,000 after acquiring an additional 2,992 shares during the period. Hedge funds and other institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Trading Up 0.0 %

Shares of iShares Short Treasury Bond ETF stock traded up $0.03 during trading hours on Friday, hitting $110.45. 9,131,358 shares of the company’s stock traded hands, compared to its average volume of 6,850,299. The company has a fifty day simple moving average of $110.30 and a 200-day simple moving average of $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 business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.3579 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

iShares Short Treasury Bond ETF Company Profile

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.