Short interest on iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) drops 35.9%

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iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Get Rating) was the target of a significant drop in short interest during the month of May. As of May 31, there was short interest totaling 6,190,000 shares, down 35.9% from the May 15 total of 9,650,000 shares. Based on an average daily volume of 7,480,400 shares, the short interest rate is currently 0.8 days.

iShares 7-10 Year Treasury Bond ETF stock traded down $0.88 at midday on Tuesday, hitting $98.06. The company’s shares had a trading volume of 349,213 shares, compared to its average volume of 9,333,039. The company has a 50-day moving average price of $103.01 and a 200-day moving average price. $108.91 days. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $98.42 and a 12-month high of $118.63.

The company also recently declared a monthly dividend, which was paid on Tuesday, June 7. Shareholders of record on Thursday, June 2 received a dividend of $0.129. The ex-dividend date was Wednesday, June 1. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.13. This represents an annualized dividend of $1.55 and a yield of 1.58%.

A number of institutional investors have recently bought and sold shares of IEF. OLD Mission Capital LLC bought a new equity position in the iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $8,999,000. Franklin Resources Inc. increased its equity position in the iShares 7-10 Year Treasury Bond ETF by 5.6% in the third quarter. Franklin Resources Inc. now owns 4,393 shares of the exchange-traded fund valued at $506,000 after acquiring 233 additional shares during the period. AXA SA bought a new equity position in the iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $735,000. Eaton Vance Management increased its equity position in the iShares 7-10 Year Treasury Bond ETF by 11.7% in the third quarter. Eaton Vance Management now owns 167,812 shares of the exchange-traded fund valued at $3,535,000 after acquiring an additional 17,611 shares during the period. Finally, NorthCoast Asset Management LLC increased its equity position in the iShares 7-10 Year Treasury Bond ETF by 353.9% during the third quarter. NorthCoast Asset Management LLC now owns 35,330 shares of the exchange-traded fund valued at $4,073,000 after purchasing an additional 27,546 shares during the period.

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About iShares 7-10 Year Treasury Bond ETF (Get an evaluation)

iShares 7-10 Year Treasury Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of US Treasury bonds with residual maturities between seven and ten years. The Fund seeks to replicate the investment results of Barclays US

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