Short Interest in ISHARES Tr/3-7 YR TREAS BD ETF (IEI) Drops By 42.8%

ISHARES Tr/3-7 YR TREAS BD ETF (BMV:IEI) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 1,010,388 shares, a decrease of 42.8% from the September 28th total of 1,766,407 shares. Based on an average daily volume of 569,219 shares, the days-to-cover ratio is currently 1.8 days.

ISHARES Tr/3-7 YR TREAS BD ETF stock opened at $119.10 on Wednesday. ISHARES Tr/3-7 YR TREAS BD ETF has a 1-year low of $1,994.28 and a 1-year high of $2,480.00.

The company also recently disclosed a monthly dividend, which was paid on Friday, October 5th. Investors of record on Tuesday, October 2nd were given a $0.2091 dividend. This is a positive change from ISHARES Tr/3-7 YR TREAS BD ETF’s previous monthly dividend of $0.20. This represents a $2.51 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Monday, October 1st.

A number of institutional investors have recently bought and sold shares of the stock. Capital Investment Advisory Services LLC purchased a new stake in ISHARES Tr/3-7 YR TREAS BD ETF in the 3rd quarter worth about $208,000. Hanson McClain Inc. raised its position in ISHARES Tr/3-7 YR TREAS BD ETF by 19.3% in the 3rd quarter. Hanson McClain Inc. now owns 5,110 shares of the company’s stock worth $608,000 after purchasing an additional 828 shares during the period. Mutual of Omaha Bank Wealth Management raised its position in ISHARES Tr/3-7 YR TREAS BD ETF by 4.5% in the 3rd quarter. Mutual of Omaha Bank Wealth Management now owns 12,770 shares of the company’s stock worth $1,521,000 after purchasing an additional 550 shares during the period. Checchi Capital Advisers LLC raised its position in ISHARES Tr/3-7 YR TREAS BD ETF by 10.7% in the 3rd quarter. Checchi Capital Advisers LLC now owns 20,044 shares of the company’s stock worth $2,387,000 after purchasing an additional 1,940 shares during the period. Finally, CWM LLC raised its position in ISHARES Tr/3-7 YR TREAS BD ETF by 59.4% in the 3rd quarter. CWM LLC now owns 50,951 shares of the company’s stock worth $6,067,000 after purchasing an additional 18,993 shares during the period.

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