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

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYGet Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 15,305,555 shares, a decline of 22.9% from the March 15th total of 19,846,804 shares. Approximately 5.0% of the company’s stock are sold short. Based on an average trading volume of 7,662,143 shares, the days-to-cover ratio is currently 2.0 days.

Hedge Funds Weigh In On iShares 1-3 Year Treasury Bond ETF

Institutional investors have recently bought and sold shares of the business. MCF Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $25,000. Key Financial Inc increased its position in iShares 1-3 Year Treasury Bond ETF by 158.1% during the third quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after buying an additional 196 shares during the last quarter. Pflug Koory LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 637.8% during the third quarter. Pflug Koory LLC now owns 332 shares of the company’s stock worth $28,000 after buying an additional 287 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $29,000. Finally, Holos Integrated Wealth LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.53 on Wednesday. The stock’s 50-day simple moving average is $82.68 and its 200 day simple moving average is $82.81. The company has a market cap of $25.49 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $82.21 and a 52-week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.2469 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, April 1st.

About iShares 1-3 Year Treasury Bond ETF

(Get Free Report)

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.

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