iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Short Interest Down 29.5% in January

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 16,007,603 shares, a decline of 29.5% from the December 31st total of 22,693,718 shares. Based on an average trading volume of 3,380,855 shares, the short-interest ratio is presently 4.7 days. Approximately 5.5% of the shares of the company are short sold. Approximately 5.5% of the shares of the company are short sold. Based on an average trading volume of 3,380,855 shares, the short-interest ratio is presently 4.7 days.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock traded up $0.07 during midday trading on Friday, hitting $82.99. 4,217,238 shares of the company’s stock were exchanged, compared to its average volume of 4,283,206. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.87 and a 52-week high of $83.14. The company has a market cap of $24.46 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock has a 50-day moving average price of $82.86 and a two-hundred day moving average price of $82.84.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were given a dividend of $0.2548 per share. The ex-dividend date was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 3.7%.

Institutional Investors Weigh In On iShares 1-3 Year Treasury Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 58.5% in the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after purchasing an additional 6,281,496 shares during the last quarter. Bank of America Corp DE increased its holdings in iShares 1-3 Year Treasury Bond ETF by 1.1% during the third quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock valued at $973,965,000 after buying an additional 133,178 shares during the last quarter. Assetmark Inc. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 123.2% in the 2nd quarter. Assetmark Inc. now owns 7,098,025 shares of the company’s stock worth $588,142,000 after purchasing an additional 3,917,307 shares in the last quarter. Bank of New York Mellon Corp increased its position in iShares 1-3 Year Treasury Bond ETF by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 6,703,637 shares of the company’s stock worth $556,134,000 after buying an additional 272,758 shares in the last quarter. Finally, Mizuho Markets Americas LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 93.4% in the 3rd quarter. Mizuho Markets Americas LLC now owns 5,000,247 shares of the company’s stock worth $414,820,000 after acquiring an additional 2,414,144 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.

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.