iShares 7-10 Year Treasury Bond ETF Target of Unusually High Options Trading (NASDAQ:IEF)

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) saw some unusual options trading activity on Friday. Stock traders acquired 125,923 call options on the stock. This represents an increase of approximately 565% compared to the average daily volume of 18,932 call options.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF traded down $0.57 during midday trading on Friday, hitting $91.43. The stock had a trading volume of 3,855,839 shares, compared to its average volume of 4,546,147. The firm has a market cap of $31.02 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The company has a 50 day simple moving average of $93.52 and a two-hundred day simple moving average of $95.33. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.3075 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Wednesday, December 18th. This represents a $3.69 annualized dividend and a yield of 4.04%.

Institutional Trading of iShares 7-10 Year Treasury Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Logan Capital Management Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $34,000. Van ECK Associates Corp bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $35,000. Dunhill Financial LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $38,000. Finally, Rakuten Securities Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 45.1% during the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 153 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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.