iShares Short Treasury Bond ETF (NASDAQ:SHV) Short Interest Update

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the target of a significant drop in short interest in 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 daily volume of 6,246,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the shares of the stock are sold short.

iShares Short Treasury Bond ETF Stock Performance

Shares of NASDAQ SHV traded up $0.03 during mid-day trading on Friday, reaching $110.45. 9,131,358 shares of the company were exchanged, compared to its average volume of 6,850,299. iShares Short Treasury Bond ETF has a 52 week low of $109.91 and a 52 week high of $110.64. The company’s 50 day moving average price is $110.30 and its 200 day moving average price is $110.30.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.3579 per share. The ex-dividend date was Monday, March 3rd.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

Hedge funds have recently made changes to their positions in the business. Menard Financial Group LLC bought a new stake in iShares Short Treasury Bond ETF in the fourth quarter valued at approximately $25,000. Transce3nd LLC purchased a new stake in shares of iShares Short Treasury Bond ETF during the fourth quarter worth about $26,000. Glass Jacobson Investment Advisors llc increased its holdings in 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 during the period. Synergy Asset Management LLC bought a new position in iShares Short Treasury Bond ETF during the 4th quarter valued at approximately $51,000. Finally, BTG Pactual Asset Management US LLC purchased a new stake in iShares Short Treasury Bond ETF in the 4th quarter worth approximately $55,000. 7.10% of the stock is currently owned by institutional investors.

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.