iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Sees Large Growth in Short Interest

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 17,687,155 shares, a growth of 39.4% from the February 12th total of 12,689,078 shares. Currently, 6.1% of the shares of the company are sold short. Based on an average daily volume of 3,811,353 shares, the days-to-cover ratio is currently 4.6 days. Based on an average daily volume of 3,811,353 shares, the days-to-cover ratio is currently 4.6 days. Currently, 6.1% of the shares of the company are sold short.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY traded up $0.05 during midday trading on Friday, reaching $82.55. 7,183,963 shares of the company traded hands, compared to its average volume of 4,731,403. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $82.21 and a twelve month high of $83.20. The firm has a market capitalization of $24.13 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The company has a fifty day moving average price of $82.86 and a 200 day moving average price of $82.89.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.223 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.2%.

Institutional Trading of iShares 1-3 Year Treasury Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. World Investment Advisors boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.3% during the 4th quarter. World Investment Advisors now owns 116,434 shares of the company’s stock worth $9,643,000 after acquiring an additional 3,755 shares in the last quarter. Farmers National Bank raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.0% during the fourth quarter. Farmers National Bank now owns 8,453 shares of the company’s stock worth $700,000 after purchasing an additional 169 shares during the period. DUTCH ASSET Corp acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $239,000. Corient Private Wealth LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.4% during the fourth quarter. Corient Private Wealth LLC now owns 358,796 shares of the company’s stock worth $29,715,000 after purchasing an additional 18,250 shares during the period. Finally, Union Savings Bank purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $45,000. 23.15% of the stock is currently owned by institutional investors.

About iShares 1-3 Year Treasury Bond ETF

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.