Short Interest in iShares Short Treasury Bond ETF (NASDAQ:SHV) Declines By 39.5%

iShares Short Treasury Bond ETF (NASDAQ:SHV) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,120,000 shares, a decline of 39.5% from the February 28th total of 1,850,000 shares. Based on an average trading volume of 6,246,300 shares, the short-interest ratio is currently 0.2 days. Currently, 0.6% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

A number of large investors have recently made changes to their positions in SHV. JPMorgan Chase & Co. raised its stake in iShares Short Treasury Bond ETF by 23.7% in the third quarter. JPMorgan Chase & Co. now owns 9,031,532 shares of the company’s stock valued at $999,158,000 after buying an additional 1,732,399 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of iShares Short Treasury Bond ETF by 16,685.1% in the 4th quarter. Proficio Capital Partners LLC now owns 5,884,700 shares of the company’s stock valued at $647,964,000 after purchasing an additional 5,849,641 shares during the last quarter. FMR LLC boosted its stake in iShares Short Treasury Bond ETF by 152.1% in the 4th quarter. FMR LLC now owns 5,217,524 shares of the company’s stock worth $574,502,000 after purchasing an additional 3,147,534 shares in the last quarter. Wells Fargo & Company MN increased its stake in iShares Short Treasury Bond ETF by 3.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,850,840 shares of the company’s stock valued at $424,016,000 after purchasing an additional 137,455 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of iShares Short Treasury Bond ETF by 6.8% in the fourth quarter. LPL Financial LLC now owns 1,907,963 shares of the company’s stock worth $210,086,000 after buying an additional 120,706 shares during the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Stock Performance

NASDAQ:SHV traded up $0.03 during trading hours on Friday, reaching $110.45. The company’s stock had a trading volume of 9,131,358 shares, compared to its average volume of 6,850,299. The stock has a 50 day moving average price of $110.30 and a two-hundred day moving average price of $110.30. iShares Short Treasury Bond ETF has a 12 month low of $109.91 and a 12 month high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.3579 dividend. The ex-dividend date was Monday, March 3rd.

About iShares Short Treasury Bond ETF

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.