iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Short Interest Up 29.9% in February

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 8,170,000 shares, an increase of 29.9% from the January 31st total of 6,290,000 shares. Based on an average daily trading volume, of 5,493,900 shares, the short-interest ratio is presently 1.5 days.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.3 %

Shares of IEF traded down $0.30 during midday trading on Tuesday, hitting $95.09. The stock had a trading volume of 12,744,798 shares, compared to its average volume of 6,864,743. The business has a 50-day simple moving average of $92.92 and a two-hundred day simple moving average of $94.78. The firm has a market cap of $32.76 billion, a P/E ratio of -22.34 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 Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be paid a $0.2754 dividend. The ex-dividend date is Monday, March 3rd.

Institutional Trading of iShares 7-10 Year Treasury Bond ETF

Several large investors have recently added to or reduced their stakes in IEF. Creative Financial Designs Inc. ADV raised its position in iShares 7-10 Year Treasury Bond ETF by 65.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,180 shares of the exchange traded fund’s stock valued at $214,000 after buying an additional 861 shares during the period. Gladstone Institutional Advisory LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $466,000. Farther Finance Advisors LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 10.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,550 shares of the exchange traded fund’s stock valued at $250,000 after acquiring an additional 242 shares in the last quarter. Carmichael Hill & Associates Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $56,000. Finally, Van ECK Associates Corp purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $35,000. 81.48% of the stock is 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.