Short Interest in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Rises By 23.1%
iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Free Report) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 13,540,000 shares, a growth of 23.1% from the October 31st total of 11,000,000 shares. Based on an average daily volume of 4,852,400 shares, the days-to-cover ratio is currently 2.8 days.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Center for Financial Planning Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $26,000. Aspire Private Capital LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 1,547.6% during the second quarter. Aspire Private Capital LLC now owns 346 shares of the company’s stock worth $28,000 after acquiring an additional 325 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $30,000. Global Wealth Management Investment Advisory Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the first quarter worth about $35,000. Finally, Salem Investment Counselors Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 75.9% in the second quarter. Salem Investment Counselors Inc. now owns 445 shares of the company’s stock valued at $36,000 after purchasing an additional 192 shares during the last quarter. 18.38% of the stock is owned by institutional investors and hedge funds.
iShares 1-3 Year Treasury Bond ETF Stock Performance
Shares of SHY stock traded up $0.24 on Friday, hitting $81.64. The stock had a trading volume of 11,831,167 shares, compared to its average volume of 5,369,084. The business has a 50 day moving average price of $81.07 and a 200 day moving average price of $81.11. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.48 and a one year high of $82.74.
iShares 1-3 Year Treasury Bond ETF Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Monday, December 4th will be given a $0.247 dividend. The ex-dividend date is Friday, December 1st. This represents a $2.96 annualized dividend and a yield of 3.63%.
About iShares 1-3 Year Treasury Bond ETF (Get Free Report)
The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.
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