IShares 3-7 Year Treasury Bond ETF (NASDAQ: IEI) Sees Significant Growth in Short-Term Interest

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The iShares 3-7 Year Treasury Bond ETF (NASDAQ: IEI) saw significant growth in short interest rates during the month of December. As of December 15, there was short interest totaling 921,600 shares, an increase of 110.3% from the total of 438,200 shares as of November 30. Based on an average trading volume of 1,224,100 shares, the day-to-coverage ratio is currently 0.8 days.

Shares of NASDAQ: IEI opened at $ 128.17 on Wednesday. The company has a 50-day moving average of $ 128.89 and a two-hundred-day moving average of $ 130.10. The iShares 3-7 Year Treasury Bond ETF has a 12-month low of $ 128.01 and a 12-month high of $ 133.02.

The company also recently declared a monthly dividend, which was paid on Wednesday, December 22. Shareholders of record on Friday, December 17 received a dividend of $ 0.083 per share. The ex-dividend date was Thursday, December 16. This is a positive change from the previous monthly dividend of $ 0.08 of the iShares 3-7 Year Treasury Bond ETF. This represents an annualized dividend of $ 1.00 and a return of 0.78%.

Large investors have recently changed their positions in the company. SCS Capital Management LLC increased its stake in shares of the iShares 3-7 Year Treasury Bond ETF by 2.0% in the second quarter. SCS Capital Management LLC now owns 4,141,925 shares of the company valued at $ 540,645,000 after purchasing an additional 82,917 shares during the last quarter. Assetmark Inc. increased its stake in shares of the iShares 3-7 Year Treasury Bond ETF by 4.7% in the third quarter. Assetmark Inc. now owns 2,693,207 shares of the company valued at $ 350,575,000 after purchasing an additional 120,714 shares in the last quarter. Morgan Stanley increased its stake in shares of the iShares 3-7 Year Treasury Bond ETF by 4.5% in the third quarter. Morgan Stanley now owns 1,831,589 shares of the company valued at $ 238,418,000 after purchasing an additional 78,343 shares during the last quarter. LPL Financial LLC increased its stake in shares of the iShares 3-7 Year Treasury Bond ETF by 14.6% in the third quarter. LPL Financial LLC now owns 1,630,489 shares of the company valued at $ 212,241,000 after purchasing an additional 207,961 shares in the last quarter. Finally, Matson Money. Inc. increased its stake in the shares of the iShares 3-7 Year Treasury Bond ETF by 3.7% in the third quarter. Matson’s money. Inc. now owns 1,308,848 shares of the company valued at $ 170,281,000 after purchasing an additional 47,189 shares in the last quarter.

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IShares 3-7 Year Treasury Bond ETF Company Profile

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 which generally correspond to the price and return of the Barclays Capital US 3-7 Year Treasury Bond Index (the Index).

Further reading: price / earnings ratio (PE)

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