iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Get Rating) saw strong growth in short-term interest during the month of September. As of September 30, there was short interest totaling 4,290,000 shares, a growth of 40.7% from the total of 3,050,000 shares as of September 15. Based on an average daily volume of 6,864,100 shares, the day-to-cover ratio is currently 0.6 days.
Hedge funds weigh on iShares 7-10 Year Treasury Bond ETF
Major investors have recently changed their stake in the company. HNP Capital LLC purchased a new equity position in the iShares 7-10 Year Treasury Bond ETF during the second quarter at a value of $540,000. Executive Wealth Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter for a value of $4,711,000. Joseph P. Lucia & Associates LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter at a value of $52,000. Bigelow Investment Advisors LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 50.3% during the second quarter. Bigelow Investment Advisors LLC now owns 5,695 shares of the exchange-traded fund worth $583,000 after buying 1,906 additional shares in the last quarter. Finally, JNBA Financial Advisors bought a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $30,000.
iShares 7-10 Year Treasury Bond ETF Stock Performance
iShares 7-10 Year Treasury Bond ETF stock traded down $0.53 at midday on Friday, hitting $94.28. The company had a trading volume of 5,887,204 shares, compared to an average volume of 8,490,961. iShares 7-10 Year Treasury Bond ETF has a fifty-two-week low of $93.97 and a fifty-two-week high. two weeks from $116.64. The company has a fifty-day simple moving average of $99.30 and a 200-day simple moving average of $101.62.
iShares 7-10 Year Treasury Bond ETF increases its dividend
The company also recently declared a monthly dividend, which was paid on Friday, October 7. Shareholders of record on Tuesday, October 4 received a dividend of $0.187 per share. The ex-dividend date was Monday, October 3. This represents an annualized dividend of $2.24 and a dividend yield of 2.38%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.18.
About iShares 7-10 Year Treasury Bond ETF
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iShares 7-10 Year Treasury Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of US Treasury bonds with residual maturities between seven and ten years. The Fund seeks to replicate the investment results of Barclays US
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