Short-term interest on iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) drops 29.5%

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iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Get Rating) saw a sharp drop in short-term interest rates in February. As of February 28, there was short interest totaling 10,650,000 shares, down 29.5% from February 13’s total of 15,110,000 shares. Based on an average daily trading volume of 10,891,100 shares, the day-to-cover ratio is currently 1.0 day.

Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. Insight Wealth Strategies LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 1.8% during the third quarter. Insight Wealth Strategies LLC now owns 206,450 shares of the exchange-traded fund worth $23,787,000 after acquiring 3,690 additional shares in the last quarter. Clarity Financial LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during Q3 for a value of approximately $19,810,000. Cetera Advisors LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 40.0% during Q3. Cetera Advisors LLC now owns 98,062 shares of the exchange-traded fund worth $11,299,000 after acquiring an additional 28,039 shares in the last quarter. Park Avenue Securities LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 5.0% during the third quarter. Park Avenue Securities LLC now owns 22,242 shares of the exchange-traded fund worth $2,563,000 after acquiring an additional 1,058 shares in the last quarter. Finally, IFP Advisors Inc increased its position in iShares 7-10 Year Treasury Bond ETF by 129.9% in the 4th quarter. IFP Advisors Inc now owns 409,133 shares of the exchange-traded index fund worth $47,069,000 after acquiring an additional 231,181 shares in the last quarter.

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The NASDAQ IEF opened at $110.56 on Monday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $109.92 and a 1-year high of $118.63. The company’s 50-day simple moving average is $111.92 and its 200-day simple moving average is $114.19.

The company also recently disclosed a monthly dividend, which was paid on Monday, March 7. Shareholders of record on Wednesday, March 2 received a dividend of $0.101. This represents an annualized dividend of $1.21 and a dividend yield of 1.10%. The ex-dividend date was Tuesday, March 1.

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

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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