Short Interest in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Expands By 19.9%

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 6,460,000 shares, a growth of 19.9% from the December 31st total of 5,390,000 shares. Based on an average daily trading volume, of 6,465,100 shares, the short-interest ratio is currently 1.0 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jessup Wealth Management Inc acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $5,143,000. Bryn Mawr Capital Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 36.1% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,600 shares of the exchange traded fund’s stock valued at $3,569,000 after acquiring an additional 10,243 shares during the period. Flagstar Advisors Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 4.1% during the fourth quarter. Flagstar Advisors Inc. now owns 9,688 shares of the exchange traded fund’s stock worth $896,000 after purchasing an additional 384 shares in the last quarter. Joel Adams & Associates Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $346,000. Finally, Global Retirement Partners LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 3.2% during the 4th quarter. Global Retirement Partners LLC now owns 58,895 shares of the exchange traded fund’s stock valued at $5,445,000 after purchasing an additional 1,812 shares in the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $93.02 on Monday. The firm’s 50-day simple moving average is $93.11 and its 200 day simple moving average is $95.15. The stock has a market cap of $31.97 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.3075 per share. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Wednesday, December 18th. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.