Short Interest in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Expands By 15.9%

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 16,430,000 shares, a growth of 15.9% from the October 15th total of 14,180,000 shares. Based on an average trading volume of 7,931,300 shares, the short-interest ratio is presently 2.1 days.

Institutional Trading of iShares 7-10 Year Treasury Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 104.5% during the 3rd quarter. Fisher Asset Management LLC now owns 41,653,513 shares of the exchange traded fund’s stock valued at $4,087,043,000 after purchasing an additional 21,282,662 shares during the period. Envestnet Asset Management Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 5.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock valued at $1,212,164,000 after buying an additional 610,635 shares during the period. Ameriprise Financial Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock worth $1,060,398,000 after buying an additional 1,082,837 shares in the last quarter. Captrust Financial Advisors lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 23.2% during the third quarter. Captrust Financial Advisors now owns 8,563,295 shares of the exchange traded fund’s stock worth $840,232,000 after buying an additional 1,612,274 shares during the period. Finally, Bank of Montreal Can boosted its position in iShares 7-10 Year Treasury Bond ETF by 233.7% during the 3rd quarter. Bank of Montreal Can now owns 7,700,921 shares of the exchange traded fund’s stock valued at $757,694,000 after acquiring an additional 5,393,398 shares in 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 Up 0.0 %

NASDAQ:IEF traded up $0.04 during midday trading on Friday, hitting $93.32. The stock had a trading volume of 16,794,163 shares, compared to its average volume of 7,844,940. The stock has a 50-day moving average of $96.22 and a 200 day moving average of $95.24. The company has a market capitalization of $33.15 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.2916 per share. The ex-dividend date was Friday, November 1st. This represents a $3.50 annualized dividend and a dividend yield of 3.75%. This is a positive change 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.