Short Interest in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Drops By 26.2%

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) was the recipient of a large decline in short interest in 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 presently 1.0 days. Approximately 1.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC purchased a new stake in iShares 3-7 Year Treasury Bond ETF in the third quarter worth $264,000. Nwam LLC boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 96.4% during the 4th quarter. Nwam LLC now owns 12,542 shares of the company’s stock valued at $1,449,000 after buying an additional 6,156 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the 3rd quarter worth about $682,000. Principal Securities Inc. increased its stake in shares of iShares 3-7 Year Treasury Bond ETF by 2.6% in the 4th quarter. Principal Securities Inc. now owns 6,712 shares of the company’s stock worth $776,000 after acquiring an additional 172 shares in the last quarter. Finally, Silverleafe Capital Partners LLC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 4th quarter worth about $1,829,000.

iShares 3-7 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEI traded up $0.15 during midday trading on Monday, hitting $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 12-month low of $113.16 and a 12-month high of $120.33. The stock has a 50-day moving average price of $116.71 and a 200 day moving average price of $116.83.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

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

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).