iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) sees strong short-term interest growth

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iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Rating) was the target of a significant increase in short-term interest rates in August. As of August 15, there was short interest totaling 9,950,000 shares, an increase of 36.3% from the July 31 total of 7,300,000 shares. Based on an average daily trading volume of 6,622,500 shares, the day-to-cover ratio is currently 1.5 days.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

Several institutional investors have recently changed their SHY portfolio. JPMorgan Chase & Co. increased its holdings of iShares 1-3 Year Treasury Bond ETF shares by 21.4% in the fourth quarter. JPMorgan Chase & Co. now owns 22,342,709 shares of the company worth $1,911,197,000 after purchasing an additional 3,945,576 shares during the period. Assetmark Inc. increased its equity position in the iShares 1-3 Year Treasury Bond ETF by 12.1% in the second quarter. Assetmark Inc. now owns 14,878,917 shares of the company worth $1,231,826,000 after acquiring an additional 1,609,698 shares last quarter. Envestnet Asset Management Inc. increased its equity position in the iShares 1-3 Year Treasury Bond ETF by 49.5% in the second quarter. Envestnet Asset Management Inc. now owns 8,647,923 shares of the company worth $715,962,000 after acquiring an additional 2,862,384 shares in the last quarter. UBS Group AG increased its equity position in the iShares 1-3 Year Treasury Bond ETF by 26.9% in the second quarter. UBS Group AG now owns 6,371,892 shares of the company worth $527,528,000 after acquiring an additional 1,349,542 shares last quarter. Finally, Captrust Financial Advisors increased its position in iShares 1-3 Year Treasury Bond ETF shares by 43.1% in the second quarter. Captrust Financial Advisors now owns 5,801,041 shares of the company worth $480,268,000 after acquiring 1,748,046 additional shares in the last quarter.

iShares 1-3 Year Treasury Bond ETF is trading down 0.0%

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Shares of the iShares 1-3 Year Treasury Bond ETF traded down $0.02 during Friday’s trading, hitting $82.40. The stock recorded a trading volume of 4,304,031 shares, compared to an average volume of 5,969,416 shares. The company has a fifty-day moving average of $82.62 and a two-hundred-day moving average of $83.17. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.94 and a fifty-two week high of $86.27.

iShares 1-3 Year Treasury Bond ETF increases its dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 5. Shareholders of record on Tuesday August 2 received a dividend of $0.088. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date was Monday August 1st. This represents an annualized dividend of $1.06 and a dividend yield of 1.28%.

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