Short Interest in iShares Short Treasury Bond ETF (NASDAQ:SHV) Rises By 108.7%

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,850,000 shares, a growth of 108.7% from the February 13th total of 886,400 shares. Based on an average trading volume of 5,279,900 shares, the short-interest ratio is currently 0.4 days. Currently, 1.1% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Menard Financial Group LLC acquired a new stake in iShares Short Treasury Bond ETF during the fourth quarter worth about $25,000. Transce3nd LLC purchased a new stake in iShares Short Treasury Bond ETF in the 4th quarter worth approximately $26,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of iShares Short Treasury Bond ETF during the 3rd quarter worth approximately $48,000. Glass Jacobson Investment Advisors llc increased its holdings in shares of iShares Short Treasury Bond ETF by 55.5% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock valued at $50,000 after purchasing an additional 162 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of iShares Short Treasury Bond ETF in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Stock Up 0.0 %

Shares of NASDAQ:SHV traded up $0.05 during midday trading on Friday, reaching $110.29. The company’s stock had a trading volume of 9,005,492 shares, compared to its average volume of 6,526,060. The stock has a fifty day moving average of $110.28 and a 200 day moving average of $110.30. iShares Short Treasury Bond ETF has a twelve month low of $109.91 and a twelve 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. Shareholders of record on Monday, March 3rd were given a dividend of $0.3579 per share. The ex-dividend date was Monday, March 3rd.

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.