Short Interest in iShares Short Treasury Bond ETF (NASDAQ:SHV) Increases By 89.0%

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,600,000 shares, a growth of 89.0% from the December 15th total of 846,500 shares. Based on an average daily trading volume, of 3,597,900 shares, the days-to-cover ratio is presently 0.4 days.

iShares Short Treasury Bond ETF Stock Up 0.0 %

NASDAQ:SHV traded up $0.01 on Thursday, reaching $110.29. The company’s stock had a trading volume of 9,541,233 shares, compared to its average volume of 5,928,841. The business’s 50-day moving average price is $110.22 and its two-hundred day moving average price is $110.31. iShares Short Treasury Bond ETF has a 1-year low of $109.91 and a 1-year high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.4268 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Wednesday, December 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SHV. Trilogy Capital Inc. grew its stake in shares of iShares Short Treasury Bond ETF by 1.5% during the 3rd quarter. Trilogy Capital Inc. now owns 6,326 shares of the company’s stock worth $700,000 after acquiring an additional 92 shares in the last quarter. Fortis Advisors LLC boosted its stake in shares of iShares Short Treasury Bond ETF by 1.3% during the 3rd quarter. Fortis Advisors LLC now owns 7,736 shares of the company’s stock worth $856,000 after acquiring an additional 99 shares during the period. Destination Wealth Management boosted its position in iShares Short Treasury Bond ETF by 0.9% during the third quarter. Destination Wealth Management now owns 10,667 shares of the company’s stock worth $1,180,000 after purchasing an additional 100 shares during the period. KWB Wealth grew its stake in iShares Short Treasury Bond ETF by 1.3% in the 3rd quarter. KWB Wealth now owns 8,421 shares of the company’s stock valued at $931,000 after buying an additional 107 shares during the last quarter. Finally, Voya Financial Advisors Inc. grew its position in shares of iShares Short Treasury Bond ETF by 1.9% in the third quarter. Voya Financial Advisors Inc. now owns 5,867 shares of the company’s stock valued at $649,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

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.