Short Interest in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Declines By 19.0%

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 19,626,727 shares, a drop of 19.0% from the December 15th total of 24,234,794 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily volume of 5,373,080 shares, the days-to-cover ratio is presently 3.7 days. Based on an average daily volume of 5,373,080 shares, the days-to-cover ratio is presently 3.7 days. Currently, 4.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares 7-10 Year Treasury Bond ETF

Several hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 52.1% during the third quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock worth $8,455,919,000 after purchasing an additional 30,011,547 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 28.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock worth $1,443,272,000 after buying an additional 3,291,267 shares during the last quarter. Peavine Capital LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $160,837,000. Armstrong Advisory Group Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 2,754.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 707,015 shares of the exchange traded fund’s stock valued at $67,987,000 after buying an additional 682,247 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after acquiring an additional 616,905 shares during the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.4%

Shares of NASDAQ IEF opened at $95.55 on Wednesday. The stock has a market capitalization of $45.77 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.08 and a 52 week high of $97.77. The firm has a 50-day moving average price of $96.52 and a 200 day moving average price of $96.22.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a dividend of $0.3127 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 3.9%.

iShares 7-10 Year Treasury Bond ETF Company Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.