Short Interest in iShares Short Treasury Bond ETF (NASDAQ:SHV) Drops By 19.7%

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 1,020,000 shares, a decline of 19.7% from the November 15th total of 1,270,000 shares. Based on an average daily volume of 4,124,000 shares, the days-to-cover ratio is currently 0.2 days.

iShares Short Treasury Bond ETF Price Performance

Shares of iShares Short Treasury Bond ETF stock traded up $0.03 during trading hours on Friday, reaching $110.30. 1,653,279 shares of the company’s stock were exchanged, compared to its average volume of 2,947,021. iShares Short Treasury Bond ETF has a 1 year low of $109.85 and a 1 year high of $110.64. The business has a fifty day moving average of $110.33 and a two-hundred day moving average of $110.33.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.416 per share. The ex-dividend date was Monday, December 2nd.

Institutional Trading of iShares Short Treasury Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC purchased a new stake in shares of iShares Short Treasury Bond ETF in the 2nd quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. acquired a new position in iShares Short Treasury Bond ETF in the 2nd quarter valued at about $43,000. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares Short Treasury Bond ETF in the third quarter valued at approximately $48,000. Glass Jacobson Investment Advisors llc grew its stake in shares of iShares Short Treasury Bond ETF by 55.5% in the third quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock worth $50,000 after acquiring an additional 162 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. grew its stake in iShares Short Treasury Bond ETF by 1,323.5% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 484 shares of the company’s stock worth $53,000 after purchasing an additional 450 shares in the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Company Profile

iShares Short Treasury Bond ETF (the Fund), formerly iShares Barclays Short Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the Barclays Capital U.S. Short Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of between 1 and 12 months.