iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Short yields up 23.8% in August

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iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI – Get Rating) benefited from a sharp rise in short-term interest rates in August. As of August 31, there was short interest totaling 549,100 shares, an increase of 23.8% from the total of 443,700 shares as of August 15. Based on an average daily volume of 1,567,200 shares, the short interest ratio is currently 0.4 days.

Hedge funds weigh on iShares 3-7 Year Treasury Bond ETF

Hedge funds have recently changed their stock holdings. Private Trust Co. NA acquired a new stake in iShares 3-7 Year Treasury Bond ETF in Q2, valued at approximately $310,000. B. Riley Wealth Management Inc. acquired a new stake in iShares 3-7 Year Treasury Bond ETF in Q2, valued at approximately $252,000. Williams Financial LLC acquired a new stake in iShares 3-7 Year Treasury Bond ETF in Q2, valued at approximately $9,896,000. Captrust Financial Advisors increased its stake in iShares 3-7 Year Treasury Bond ETF by 213.8% in Q2. Captrust Financial Advisors now owns 5,922 shares of the company valued at $707,000 after buying 4,035 additional shares in the last quarter. Finally, Strategic Wealth Partners Ltd. increased its holding in iShares 3-7 Year Treasury Bond ETF by 1.8% in Q2. Strategic Wealth Partners Ltd. now owns 66,057 shares of the company valued at $7,883,000 after purchasing an additional 1,192 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Price Performance

IEI stock traded down $0.18 during trading hours on Friday, hitting $116.31. 772,046 shares were traded, against an average volume of 1,722,473. The company’s 50-day moving average is $118.95 and its 200-day moving average is $119.97. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $116.04 and a 12-month high of $131.20.

iShares 3-7 Year Treasury Bond ETF increases its dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 8. Shareholders of record on Friday, September 2 received a dividend of $0.152. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Thursday, September 1. This represents an annualized dividend of $1.82 and a dividend yield of 1.57%.

About iShares 3-7 Year Treasury Bond ETF

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

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