IShares 3-7 Year Treasury Bond ETF (NASDAQ: IEI) Short interest rate down 37.1% in November

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The iShares 3-7 Year Treasury Bond ETF (NASDAQ: IEI) was the target of a significant drop in short interest rates during the month of November. As of November 30, there was short interest totaling 438,200 shares, a decrease of 37.1% from the November 15 total of 696,400 shares. Based on an average daily trade volume of 1,109,300 shares, the short-term interest rate is currently 0.4 days.

Hedge funds have recently changed their positions in the company. Bangor Savings Bank increased its position in equities of the iShares 3-7 Year Treasury Bond ETF by 20.5% in the third quarter. Bangor Savings Bank now owns 647,881 shares of the company valued at $ 84,334,000 after purchasing an additional 110,045 shares during the period. Ferguson Shapiro LLC purchased a new position in shares of the iShares 3-7 Year Treasury Bond ETF in the third quarter valued at approximately $ 1,687,000. Advisor Group Holdings Inc. increased its position in equities of the iShares 3-7 Year Treasury Bond ETF by 29.0% in the second quarter. Advisor Group Holdings Inc. now owns 206,073 shares of the company valued at $ 26,894,000 after purchasing an additional 46,331 shares during the period. Quantitative Advantage LLC increased its position in equities of the iShares 3-7 Year Treasury Bond ETF by 7.6% in the second quarter. Quantitative Advantage LLC now owns 12,307 shares of the company valued at $ 1,606,000 after purchasing an additional 864 shares during the period. Finally, Private Advisor Group LLC increased its position in equities of the iShares 3-7 Year Treasury Bond ETF by 22.7% in the third quarter. Private Advisor Group LLC now owns 8,398 shares of the company valued at $ 1,093,000 after purchasing an additional 1,556 shares during the period.

IEI stock traded up $ 0.16 on Friday at noon, reaching $ 129.24. 10,426 shares of the company traded for an average volume of 1,106,412. The iShares 3-7 Year Treasury Bond ETF has a 52-week low of $ 128.05 and a 52-week high of $ 133.05. The stock’s 50-day moving average is $ 129.05 and its 200-day moving average is $ 130.30.

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The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 22. Shareholders of record on Friday, December 17 will receive a dividend of $ 0.083 per share. This is a boost from the previous iShares 3-7 Year Treasury Bond ETF monthly dividend of $ 0.08. This represents a dividend of $ 1.00 on an annualized basis and a return of 0.77%. The ex-date of this dividend is Thursday, December 16.

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

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